Accounts - Principles of Accounts 1995 JAMB Past Questions

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Eko Local Government expenditure
Hospital building ---------------------- N200,000
Drugs ---------------------------------- N180,000
Hospital beds and mattresses ------------ N40,000
Doctors' and nurses' salaries ---------- N120,000
Administrative expenses ----------------- N50,000
Recurrent expenditure is

A. N390,000
B. N360,000
C. N350,000
D. N170,000

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A government accounting systems must make sure that

A. revenue exceeds expenditure
B. all applicable legal provisions are complied with
C. capital expenditure is equal to revenue
D. capital project fund is tied to recurrent expenditure

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Equity shareholders' fund is

A. N133 000
B. N 120 000
C. N113 000
D. N 100 000

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If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?

A. N 13 000
B. N 11 300
C. N 10 000
D. N 8 000

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A charitable club has the following figures:

N
Subscriptions received in 1991 2 800
Subscriptions unpaid in 1990 300
Subscriptions paid for 1992 150
Subscriptions due 1991 180

How much should be charged to the income and expenditure of this club as subscription for 1991?

A. N 2 530
B. N 2 680
C. N 2 830
D. N 2 980

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Accounts - Principles of Accounts 1995 JAMB Past Questions

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