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Accounts - Principles of Accounts 2009 JAMB Past Questions

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41

Provision for bad and double debts in companies final accounts is treated in?

  • A. trading account
  • B. profit and loss account
  • C. fund flow statement
  • D. cash flow statement
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42

The book value per share is obtained by dividing?

  • A. shareholders equity by outstanding shares
  • B. total assets by outstanding shares
  • C. gross profit by outstanding shares
  • D. net profit by outstanding shares
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43

Expenditure incurred on consumables and goods for resale is?

  • A. revenue expenditure
  • B. capital expenditure
  • C. sunk cost
  • D. miscellanous expenses
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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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44

Replacement and renewal of fixed assets are?

  • A. revenue receipt
  • B. capital receipt
  • C. capital expenditure
  • D. revenue expenditure
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45

Which of the following is credited to the consolidated revenue fund?

  • A. Recurrent expenditure
  • B. Capital expenditure
  • C. Transfer to revenue fund
  • D. International revenue
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