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Accounts - Principles of Accounts 1995 JAMB Past Questions

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46
Accumulated depreciation on the asset as at 31/12/81 was
  • A. N 2 487 500 .00
  • B. N 2 736 250 . 00
  • C. N 4 511 192.00
  • D. N 4 975 000 .00
View Answer & Discuss JAMB 1995
47
THE BOOK VALUE OF THE ASSET AS AT 31/12/86 WAS
  • A. N 3 731 250.00
  • B. N 2 487 500.00
  • C. N 1 268 750.00
  • D. N1 020 000. 00
View Answer & Discuss JAMB 1995
48
Trade creditors account was maintained at 25% of the capital.

What was the balance in the trade creditors account as at 31/12/92?
  • A. N 29 800
  • B. N 29 500
  • C. N29 400
  • D. N 29 000
View Answer & Discuss JAMB 1995
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49
What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with
  • A. N 3 000 and show wages accrued N 500 in the balance sheet
  • B. N2 000 and show wages accrued N500 in the balance sheet
  • C. N 3 000 and show wages perpaid N 500 in the balance sheet
  • D. N 2000 and show wages paid in advance N500 in the balace sheet
View Answer & Discuss (1) JAMB 1995
50
The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with
  • A. N 3000 and show wages accrued N 500 in the balance sheet in the balance sheet
  • B. N 2 000 and show wages accured N500 in the balance sheet
  • C. N 3000 and show wages prepaid N 500 in the balance sheet
  • D. N 2000 and show wages paid in advance N 500 in the balance sheet
View Answer & Discuss JAMB 1995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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