1999 JAMB UTME Accounts Past Questions

1999

Receipt and payments account of a non-profit making organization is principally a summary of the?

1999

The difference between the factory cost of production and the prime cost of production is?

1999

Manufacturing costs can be classified based on?

1999

Lawal and co makes blocks and sell to builders.In computing prime cost, which of the following costs would be considered appropriate?

1999

When the factory cost of production has been ascertained, manufactured goods are transferred to trading account by?

1999

In dealing with incomplete records, fixed assets are posted to?

1999

The principal function of a sales ledger control account is to?

1999

The main features of the single system are that?

1999

Depreciation on a particular piece of machinery was ₦2,700 during the fifth year of its service life and ₦4,050 during the sixth year. The logical explanation for this is that?

1999

Chibuike bought 36 notebooks at ₦10 each from John and was given a trade discount of 5%. In addition, he was offered 1% cash discount which he took advantage of. How much did Chibuike pay?

1999

Asa Company bought a vehicle worth ₦20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

1999

A provision for bad debt account had ₦3,800 at the beginning of the year and ₦4,220 at the close of the year. If bad debts are calculated at the rate of 1/2% of annual sales, what was the credit sales for the period?

1999

The fixed amount of money given to a petty cashier at the beginning of a period is called?

1999

Which of the following bank reconciliation items should not be added or subtracted from the bank statement balance to determine the adjusted cash balance?

1999

If the total discount allowed in a cash book was ₦230 and the total discount received was ₦255, which of the following is true concerning the two discounts?

1999

In a cash book, the opening balance was ₦7,600, closing balance ₦9,200 and the total cash received during the period was ₦18,000. What was the amount of cash paid out during the period?

1999

A source document for the sales day book is?

1999

A basic unifying concept in accounting implies that?

1999

When a proprietor withdraws cash from the business for private use, he?

1999

A bookkeeping error occurs when there is?

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