Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Accounts - Principles of Accounts 2013 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
41

Which of the following is the capital reserve of a company

  • A. Share premium
  • B. Retained profit
  • C. Accumulated depreciation
  • D. Loss on forfeited shares
View Answer & Discuss JAMB 2013
42

Given:
Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;
On application 46k
On allotment 20k
1st Call 15k
2nd Call 19k

How much is to be paid for application?

  • A. #230,000
  • B. #280,000
  • C. #500,000
  • D. #550,000
View Answer & Discuss JAMB 2013
43

The issued share capital is the number of shares that are

  • A. authorized by share holders
  • B. shared among the directors
  • C. fully subscribed
  • D. in the share certificate
View Answer & Discuss JAMB 2013
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
44
The distributable profit available to shareholders at the end of each year is the
  • A. total profit and debtors balance
  • B. general reserve and retained profit
  • C. retained profit and fictitious assets
  • D. total profit less creditors balance
View Answer & Discuss (2) JAMB 2013
45

The debenture issued at par above the nominal value is said to be issued at a

  • A. cost price
  • B. mark-up
  • C. premium
  • D. margin
View Answer & Discuss JAMB 2013
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now