2002 JAMB UTME Accounts Past Questions

2002

(i) Orientation (ii) Entity (iii) Legal status (iv) Finance.Which of the characteristics above distinguishes a profit-making from not-for-profit-making organizations?

2002

Stock or raw materials(1st January) 3000Direct wages 2500 Direct expenses 1000 Factory overheads 2000 Cost of raw materials used 5500 Stock of finished goods (31st December) 2000The cost of goods manufactured is?

2002

Use the information below to answer question:Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overheads N2000 Cost of raw materials used N5500 Stock of finished goods (31st…

2002

The gross profit on manufactured goods is the difference between the cost of goods manufactured and the?

2002

In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover?

2002

The concise statement used to explain entries in the general journal is known as?

2002

Use the information below to answer the questionStatement of assets and liabilities as at 31st December, 2001.Shareholders' interest ₦240 Current liabilities ₦20 Current assets ₦110 Fixed assets ₦140What is the netw…

2002

Use the information below to answer the question:Statement of assets and liabilities as at 31st December, 2001.Shareholders' interest ₦240 Current liabilities ₦20 Current assets ₦110 Fixed assets ₦140Determine the…

2002

The normal accounting entry to record the dishonor of a businessman is to?

2002

Use the information below to answer questions 9 and 10.The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000.Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Buildin…

2002

Use the information below to answer questionsThe Assets and liabilities of Udo Co.ltd. as at 31st December, 2000.Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Building N70,000…

2002

NAFARA AND SONS Balance Sheet items as at 31st December, 1987.Capital ₦74480 Creditors ₦15875 Prepaid expenses ₦580 Motor vehicles ₦34750 Furniture ₦35850 Accrued expenses ₦645 Stock ₦8100 Cash balances ₦9911 Deb…

2002

(i) Fixtures account (ii) Machinery account (iii) Wages accounts (iv) Rent accountWhich of the above are nominal account?

2002

In a petty cash book the imprest is ₦1380.Expenses:Stationery ₦350 Cleaning material ₦335 General expenses ₦265How much was received to maintain the imprest at the ends of the month?

2002

In an incomplete record, the preparation of the bank reconciliation ensures that?

2002

An entry in a subsidiary book which does not form part of the double entry system is a?

2002

In a petty cash book the imprest is ₦1380.Expenses:Stationery ₦350 Cleaning material ₦335 General expenses ₦265How much was received to maintain the imprest at the ends of the month?

2002

In preparing the final accounts, the bad debt account is closed by a transfer to the?

2002

Given:Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675 Carriage outwards N50 Salary of administrative staff N225 Stock (31/3/95) N940 Capital N1540Determine the cost of goods sol…

2002

The gross profit on manufactured goods is the difference between the cost of goods manufactured and the?

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