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Accounts - Principles of Accounts 2024 JAMB Past Questions

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46

Depriciation is?

  • A. an appropriation of profit
  • B. estimated life of an asset
  • C. loss in the value of fixed asset
  • D. increase in asset value
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47

Who among the following developed the idea of double entry book-keeping?

  • A. FrankWood
  • B. Omuya James
  • C. James Lucas
  • D. Francia Luca Pacioli
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48

Which of the following is a characteristics of a limited liability company?

  • A. death of a shareholder dissolves the company
  • B. Owned by the directors
  • C. separated from the owners
  • D. profits are shared equally
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49

Peripherals are used in computer to describe

  • A. computer types
  • B. computer functions
  • C. method of inputting data
  • D. inputs, output and storage devices
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50

A method of stock valuation is

  • A. accural
  • B. owing
  • C. advance
  • D. SAP
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