[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us 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
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
31
Given:
(i) Cost price (ii) Selling price (iii) Cost plus fixed percentage (iv) Price above cost and selling price

From the information above, the prices used in charging goods to the branches are?
  • A. i and ii
  • B. i, ii and iii
  • C. i, ii, iii and iv
  • D. iii and iv
View Answer & Discuss JAMB 2008
32
If a GSM operator based in Lagos supplies recharge cards to its branch in Akure, the head office can charge the goods at?
  • A. selling price
  • B. Akure price
  • C. company price
  • D. Lagos price
View Answer & Discuss JAMB 2008
33
Given:

Capital:..G...........N5 000
..........T...........N8 000

Drawings: G...........N2 000
..........T..........N1 000

Interest on capital..10%
Interest on Drawings..5%

Find the interest on drawings of G?
  • A. N50
  • B. N100
  • C. N200
  • D. N250
View Answer & Discuss (1) 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
34
The entry in the partnership books of accounts for interest on drawings is to?
  • A. credit partners capital account
  • B. debit partners capital account
  • C. credit drawings account
  • D. debit drawings account
View Answer & Discuss JAMB 2008
35
In partnership dissolution, an asset taken over by a partner is debited to?
  • A. partners capital account and credited to realization account
  • B. Partners capital account and credited to asset account
  • C. asset account and credited to realization account
  • D. realization account and credited to capital account
View Answer & Discuss (1) JAMB 2008
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts