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Accounts - Principles of Accounts 2010 JAMB Past Questions

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41

An ordinary share of N80 was issued at N96. The share was issued at?

  • A. premium
  • B. par
  • C. discount
  • D. loss
View Answer & Discuss JAMB 2010
42

An increase in government expenditure within a year is taken care of by means of?

  • A. financial regulations
  • B. virement
  • C. warrant
  • D. supplementary estimate
View Answer & Discuss JAMB 2010
43

As evidence of payments to a government ministry, the revenue collectors will issue?

  • A. treasury receipt
  • B. receipts vourcher card
  • C. treasury card
  • D. stores receipts vourcher
View Answer & Discuss JAMB 2010
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44

How much rent is apportioned to department K?

  • A. N1200
  • B. N1800
  • C. N2000
  • D. N750
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45

How much selling and distribution expenses is apportioned to department M?

  • A. N 800
  • B. N 600
  • C. N400
  • D. N1800
View Answer & Discuss (1) JAMB 2010
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