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Accounts - Principles of Accounts 2008 JAMB Past Questions

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41
Which of the following is among the categories of government cash book?
  • A. Receipt cash book
  • B. Payment cash book
  • C. Petty cash book
  • D. Treasury cash book
View Answer & Discuss JAMB 2008
42
The Auditor General of the Federation can be removed by the?
  • A. National Assembly
  • B. Chief Justice
  • C. The president
  • D. Head of Service
View Answer & Discuss JAMB 2008
43
Given that the balance as per cash book after adjustment was N6315, nu-presented cheques N1000 and the bank statement balance N3240. What was the balance of the nu-credited cheques?
  • A. N4075
  • B. N4240
  • C. N3315
  • D. N3075
View Answer & Discuss JAMB 2008
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44
Use this information below to answer this question.

Trading Account (Extract)

.................N.............................N......
Opening stock...19500........Sales............96 000..
Add purchases...68700.................................
................88200.................................
Less closing stock..?.................................
Cost of goods sold..?.................................
Gross profit C/D....?.................................
....................?..........................?......
The gross profit margin is 20%

What is the gross profit?
  • A. N88 200
  • B. N76 800
  • C. N 19 200
  • D. N12 900
View Answer & Discuss JAMB 2008
45
Use this information below to answer this question.

Trading Account (Extract)

.................N.............................N......
Opening stock...19500........Sales............96 000..
Add purchases...68700.................................
................88200.................................
Less closing stock..?.................................
Cost of goods sold..?.................................
Gross profit C/D....?.................................
....................?..........................?......
The gross profit margin is 20%
Determine the closing stock
  • A. N76 800
  • B. N67 800
  • C. N14 100
  • D. N11 400
View Answer & Discuss (3) JAMB 2008
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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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