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Accounts - Principles of Accounts 2005 JAMB Past Questions

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46
The capital employed is
  • A. N13 000
  • B. N9 900
  • C. N8 400
  • D. N9 000
View Answer & Discuss JAMB 2005
47
Determine the closing stock under LOFO method
  • A. N575
  • B. N500
  • C. N375
  • D. N275
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48
Calculate the closing stock under FIFO method
  • A. N875
  • B. N675
  • C. N600
  • D. N300
View Answer & Discuss JAMB 2005
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49
The current ratio is
  • A. 1:1
  • B. 2:1
  • C. 2.8:1
  • D. 3.5:1
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50
The quick ratio is
  • A. 1:2
  • B. 1:3:1
  • C. 1.7:1
  • D. 3:1
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