Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Accounts - Principles of Accounts 2018 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 Software for Computers and Laptops - 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 App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
21

The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a

  • A. Bonus
  • B. Good will
  • C. Premium
  • D. Commission
View Answer & Discuss JAMB 2018
22
   N

Stock at branch 1st January at cost 

400

Goods sent to branch at cost

     8000

Returns to head office

            340           

Cash sales

9160

Stock at branch 31st December at cost

720

 

Use the information below to answer the question.

  Adex Ltd. Issues stock to its retail branches at cost price. The following particulars relate to Ede branch.

  • A. #1870
  • B. #1530
  • C. #1640
  • D. #1820
View Answer & Discuss JAMB 2018
23

Which of the following methods of invoicing goods to branches facilitate easy checks on the activities of branches?

  • A. Selling price
  • B. Fixed percentage on cost
  • C. Cost price
  • D. Invoice price
View Answer & Discuss JAMB 2018
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
24

When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________

  • A. Price above or below the stipulated price
  • B. Any price but not below the transfer price
  • C. Cost price
  • D. A price that is equal to the mark up
View Answer & Discuss JAMB 2018
25

In departmental accounting, which is not a transfer pricing_________

  • A. cost based transfer price
  • B. market based transfer pricing
  • C. Dual pricing system
  • D. peak pricing
View Answer & Discuss JAMB 2018
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now