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Accounts - Principles of Accounts Past Questions

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196
what is the gross profit margin?
  • A. N100%
  • B. N50%
  • C. N40%
  • D. N30%
View Answer & Discuss (9) JAMB 2000
197
The main objective of bookkeeping is to record economic?
  • A. transactions systematically for routine managerial decision-making
  • B. events clearly to ensure adequate checks and balances
  • C. events clearly to facilitate strategic managerial desicion-making
  • D. transaction systematically to ascertain the financial position of a business
View Answer & Discuss JAMB 2000
198
Which of the following is an example of intangible assets?
  • A. trade debtors
  • B. stock of goods
  • C. trade creditors
  • D. motor vehicles
View Answer & Discuss JAMB 2000
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199
A source document that aids the ascertainment of amount paid out of current account is the?
  • A. teller
  • B. cheque stub
  • C. cheque
  • D. teller stub
View Answer & Discuss (1) JAMB 2000
200
The most convenient cash book used by a petty trader operating in an area where there is no banking facility is?
  • A. four column
  • B. three column
  • C. single column
  • D. two column
View Answer & Discuss JAMB 2000
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