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Accounts - Principles of Accounts Past Questions

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2306
Calculate the cost of goods sold.
  • A. N61 000
  • B. N58 000
  • C. N62000
  • D. N57 000
View Answer & Discuss JAMB 2011
2307

Given:

Determine the balance

  • A. 415,000 debit
  • B. 215,000 credit
  • C. 215,000 debit
  • D. 315,000
View Answer & Discuss JAMB 2012
2308

Given:

From the above information, the gross profit from department X is

  • A. N3,800
  • B. N2,300
  • C. N2,200
  • D. N2,000
View Answer & Discuss JAMB 2012
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2309

The 5% discount shown above indicates

  • A. trade discount
  • B. cash discount
  • C. discount allowed
  • D. discount received
View Answer & Discuss JAMB 2012
2310

Use the information above to answer the question
Find the gross profit.

  • A. N370,000
  • B. N230,000
  • C. N150,000
  • D. N140,000
View Answer & Discuss JAMB 2012
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