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Accounts - Principles of Accounts 2012 JAMB Past Questions

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41
The Petroleum Technology Development Fund is under the
  • A. general fund
  • B. contingency fund
  • C. trust fund
  • D. capital fund
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42

The power to appoint the Auditor General of the Federation is vested in the

  • A. National Assembly
  • B. President
  • C. Judicial Service Commission
  • D. Civil Service Commission
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43

Given:

Determine the balance

  • A. 415,000 debit
  • B. 215,000 credit
  • C. 215,000 debit
  • D. 315,000
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44

Given:

From the above information, the gross profit from department X is

  • A. N3,800
  • B. N2,300
  • C. N2,200
  • D. N2,000
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45

The 5% discount shown above indicates

  • A. trade discount
  • B. cash discount
  • C. discount allowed
  • D. discount received
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts