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Accounts - Principles of Accounts 2008 JAMB Past Questions

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46
Give:
1. Ascertainment of the particulars of the proposed company
II. Preparation of the incorporation documents
III. Filling of the documents
IV. Registration of the company
From the information above, the stages involved in the formation of a company are
  • A. I, II and III
  • B. I, II, III and IV
  • C. I,IIand IV
  • D. II, III and IV
View Answer & Discuss JAMB 2008
47
The debit ratio is approximately
  • A. 43%
  • B. 42%
  • C. 41%
  • D. 23%
View Answer & Discuss JAMB 2008
48
Which of the following is true of Uju Nig.Ltd?
  • A. It is a highly geared company
  • B. It has no liquidity problem in the short term
  • C. It is adequately secured in fixed assets
  • D. It's working capital is zero
View Answer & Discuss JAMB 2008
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49
Goods worth N300 was transferred from department Q to P Similarly, P's total expenses for the period was N200

What was department Q's gross profit?
  • A. N2 500
  • B. N2 300
  • C. N 2 200
  • D. N1700
View Answer & Discuss JAMB 2008
50
Goods worth N300 was transferred from department Q to P Similarly, P's total expenses for the period was N200

Department P's net profit was
  • A. N5 200
  • B. N3000
  • C. N2800
  • D. N2 500
View Answer & Discuss JAMB 2008
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