Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group

Accounts - Principles of Accounts 2015 JAMB Past Questions

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

NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
36

Which of the following accounts is debited when a delivery van is sold for cash?

  • A. sales account
  • B. delivery van account
  • C. cash account
  • D. profit and loss accounts
View Answer & Discuss JAMB 2015
37

When shares are sold at more than the par value, they are said to have been issued at

  • A. A premium
  • B. Normal value
  • C. A discount
  • D. A profit
View Answer & Discuss (2) JAMB 2015
38

Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 53,000; creditors at the beginning 4000; creditors at the end 2,000

  • A. N52,000
  • B. N51,000
  • C. N55,000
  • D. N50,000
View Answer & Discuss JAMB 2015
Join your school's WhatsApp group
NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
39

Which of the following is shown in the profit and loss appropriation account of a company

  • A. interest charges
  • B. depreciation
  • C. directors emoluments
  • D. dividends
View Answer & Discuss JAMB 2015
40
Use the information below to answer this question.

Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabilities amounted to N 640,000

The double entry to record the goodwill in the books is debt
  • A. purchase of business account and credit cash account
  • B. goodwill account and credit purchase of business account
  • C. cash account and credit goodwill account
  • D. goodwill account and credit cash account
View Answer & Discuss JAMB 2015
Start a Free Practice Test
 
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts