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Accounts - Principles of Accounts 1997 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO offline past questions - All questions, answers & explanations in one app 25712
41
A company has 5% debentures worth N500 000 ordinary share capital N 2 000 000, and preference shares N1500 000. if the company made a profit of N 1 000 000, the debenture interest would amount to
  • A. N 1 000 000
  • B. N 500 000
  • C. N 50 000
  • D. N 25 000
View Answer & Discuss (1) JAMB 1997
42
A dividend of 10% in a company on 500 000 ordinary shares of N 1 nominal value has been declared, How much will a shareholder receive if he has 200 shares?
  • A. N 500 000
  • B. N 50 000
  • C. N200
  • D. N 20
View Answer & Discuss JAMB 1997
43
What is the working capital?
  • A. N12 000
  • B. N 11 000
  • C. N 8 000
  • D. N4 000
View Answer & Discuss (2) JAMB 1997
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO offline past questions - All questions, answers & explanations in one app 25712
44
The acid test ratio in the company is
  • A. 1:1
  • B. 1:2
  • C. 2:3
  • D. 3:2
View Answer & Discuss JAMB 1997
45
If goods are invoiced to the branch at cost and the invoice par value is N 2 000 with 5%discount rate, can remitted to the head office is
  • A. N2 100
  • B. N 200
  • C. N 1 900
  • D. N 100
View Answer & Discuss JAMB 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts