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Accounts - Principles of Accounts Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
691
The interest on Keme's drawings is calculated as?
  • A. N200
  • B. N150
  • C. N300
  • D. N100
View Answer & Discuss (1) JAMB 2011
692
Which of the following can be used on admission of a new partnership?
  • A. Revaluation account
  • B. Profit account
  • C. Capital account
  • D. Trading account
View Answer & Discuss JAMB 2011
693
Goodwill is determined using?
  • A. capital contribution
  • B. number of partnerd admitted
  • C. the business and customer relations
  • D. number of active partners
View Answer & Discuss JAMB 2011
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694
The founders of a company are?
  • A. promoters
  • B. shareholders
  • C. canvassers
  • D. stakeholders
View Answer & Discuss JAMB 2011
695
The fund in which all government receipt are paid is?
  • A. consolidated revenue fund
  • B. development fund
  • C. trust fund
  • D. contingency fund
View Answer & Discuss JAMB 2011
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