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Accounts - Principles of Accounts 2008 JAMB Past Questions

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36
Goodwill can be in the balance sheet as?
  • A. fixed tangible asset
  • B. current asset
  • C. fictitious asset
  • D. liquid asset
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37
Cash received from the subscribed shares is recorded by debting?
  • A. application, allotment and crediting cash
  • B. allotment and crediting cash
  • C. cash and crediting subscribed shares
  • D. cash, crediting application and allotment account
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38
Ordinary shareholders received dividend before?
  • A. creditors
  • B. debtors
  • C. preference shareholders
  • D. deferred shareholders
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39
A source of revenue that is compulsory payment without any derived benefit is?
  • A. fees
  • B. taxes
  • C. fines
  • D. royalties
View Answer & Discuss (1) JAMB 2008
40
The salary of the chief Justice of the Federation is paid from the?
  • A. consolidated revenue fund
  • B. development fund
  • C. contigency fund
  • D. special fund
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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