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Accounts - Principles of Accounts 2024 JAMB Past Questions

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1

The amount by which assets exceeds liabilities is

  • A. capital
  • B. premium
  • C. bonus
  • D. provision
View Answer & Discuss JAMB 2024
2

Goods bought on credit are first entered in the

  • A. cash book
  • B. journal proper
  • C. sales day book
  • D. purchases day book
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3

An example of fictitious assets is

  • A. stock
  • B. overdraft
  • C. goodwill
  • D. profit
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4

A public limited liability company can get additional fund through the issue of

  • A. cheque
  • B. accumulated fund
  • C. consolidated fund
  • D. debenture
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5

The short term solvency of a company is determined with ___ ratio

  • A. debtors to equity
  • B. current
  • C. acid test
  • D. gross profit margin
View Answer & Discuss (2) JAMB 2024
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Post UTME Past Questions Agent
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