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Accounts - Principles of Accounts 2011 JAMB Past Questions

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41
The founders of a company are?
  • A. promoters
  • B. shareholders
  • C. canvassers
  • D. stakeholders
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42
The fund in which all government receipt are paid is?
  • A. consolidated revenue fund
  • B. development fund
  • C. trust fund
  • D. contingency fund
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43
Which of the following accounts for the highest revenue to Nigeria?
  • A. Import duties
  • B. Personal income tax
  • C. Petroleum income tax
  • D. Company tax
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44
If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?
  • A. N500 000
  • B. N450 000
  • C. N550 000
  • D. N420 000
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45
Which of the following is a signatory to federal government account?
  • A. Auditor-General
  • B. Governor of Central Bank
  • C. Accountant-General
  • D. Persident
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