[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. JAMB 2008

Accounts - Principles of Accounts 2008 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
16
The factor that determine the periodic depreciation charge are?
  • A. asset cost, market value and useful life
  • B. asset cost, market value and residusl value
  • C. asset value, cash value useful life
  • D. asset cost, salvage and useful life
View Answer & Discuss JAMB 2008
17
Use the information below to answer questions .

Aug. 1 Received 20 units at N60 each
Aug. 6 Received 20 units at N68 each
Aug. 10 Issued 16 units
Aug. 20 Received 40 units at N80 each
Aug. 31 Issued 48 units

Using the simple average method, what is the cost per unit of the closing stock?
  • A. N80
  • B. N74
  • C. N64
  • D. N60
View Answer & Discuss JAMB 2008
18
Use the information below to answer questions .

Aug. 1 Received 20 units at N60 each
Aug. 6 Received 20 units at N68 each
Aug. 10 Issued 16 units
Aug. 20 Received 40 units at N80 each
Aug. 31 Issued 48 units

Using the FIFO method, what is the value of the closing stock?
  • A. N1280
  • B. N1184
  • C. N1024
  • D. N960
View Answer & Discuss JAMB 2008
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
19
In a period of inflation, which of the following method normally gives a closing closing stock?
  • A. FIFO
  • B. LIFO
  • C. Sinple average
  • D. periodic simple average
View Answer & Discuss JAMB 2008
20
The main purpose of control account is to?
  • A. detect errors and irregularities
  • B. assist purchases
  • C. assist sales
  • D. check management incompetence
View Answer & Discuss JAMB 2008
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent