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Accounts - Principles of Accounts 2020 JAMB Past Questions

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NECO offline past questions - All questions, answers & explanations in one app 25712
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
31

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

  • A. margin
  • B. premium
  • C. cost price
  • D. mark-up
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32

The standing order is a payment instruction given by a

  • A. customer to a fellow customer
  • B. bank to an employee
  • C. customer to the bank
  • D. bank to the customers
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33

The value of the sales ledger control account is derived from the summation of the

  • A. total creditors control account
  • B. total debtors control account
  • C. all day books
  • D. both the debtors and creditors accounts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO offline past questions - All questions, answers & explanations in one app 25712
34

The addition of prime cost, indirect cost and opening work- in-progress less the closing work-in-progress will result in cost of

  • A. goods manufactured
  • B. materials put into production
  • C. goods available for sale
  • D. goods sold
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35

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

  • A. National Assembly
  • B. Civil Service Commission
  • C. Judicial Service Commission
  • D. President
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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