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Accounts - Principles of Accounts 2004 JAMB Past Questions

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41
The budget statement presented to the legislature by the Chief Executive is called?
  • A. an appropriation act
  • B. a budget bill
  • C. an appropriation bill
  • D. a budget proposal
View Answer & Discuss JAMB 2004
42
The statement of assets and liabilities in the public sector can be described as the?
  • A. income and expenditure accountof government
  • B. appropriation account of government
  • C. balance sheet of government
  • D. funds flow statement of government
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43
What is the value of the authorized share capital?
  • A. N500,000
  • B. N600,000
  • C. N750,000
  • D. N1, 200,000
View Answer & Discuss JAMB 2004
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44
The value of the owner's equity is
  • A. N400,000
  • B. N900,000
  • C. N957,000
  • D. N1,357,000
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45
What is the net profit made by department S?
  • A. N3,600
  • B. N,3000
  • C. N2,400
  • D. N2,000
View Answer & Discuss JAMB 2004
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