2005 JAMB UTME Accounts Past Questions

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2005

Use the information below to answer the question.Zazzau Company:Cash in hand................₦50 Cash in bank................₦1 250 Stock.......................₦4 880 Furniture...................₦9 60 Building........…

2005

Use the information below to answer the questionZazzau Company:Cash in hand................₦50 Cash in bank................₦1 250 Stock.......................₦4 880 Furniture...................₦9 60 Building.........…

2005

If the assets and liabilities of a firm were valued at ₦17,200 and ₦5,120 respectively, the capital of the firm would be?

2005

Which of the following item is found on the credit side of the sales ledger control account?

2005

Given:Purchases ledger balance..............₦4000 Purchases for the period..............₦50000 Cash refunded by suppliers............₦290 Cheques paid to suppliers..............₦42300 Returns outwards................…

2005

The item that are contained in the bought ledger control account are?

2005

Use the information to answer the question.A piece of equipment costing ₦120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. It was sold on 30/6/1999 for ₦31,500.The ne…

2005

Use the information to answer the question.A piece of equipment costing ₦120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. It was sold on 30/6/1999 for ₦31,500.The ac…

2005

Goods withdraw from business for private use are credited to?

2005

Given:...............................Jan.2003.........Dec. 2003 Provision for bad debt........₦1000 Debtors..........................................₦20000 Bad debt to be written off.......................₦2000The pro…

2005

In a three-column cash book,the discount allowed is shown on the?

2005

A rent received by a trader for sub-letting part of his business premises should be added to the?

2005

Five hundred naira monthly is allowed on an imprest system. The following transactions took place.Period 1:Cash advanced to petty cashier......₦500 Petty cashier paid out: stamp.......₦200 Newspaper....................…

2005

Five hundred naira monthly is allowed on an imprest system.The following transactions took place.Period 1:Cash advanced to petty cashier......₦500 Petty cashier paid out: stamp.......₦200 Newspaper.....................…

2005

Yahya,s bank account shows a credit balance of ₦1500,000. He paid ₦1700,000 into the bank.What is his expected balance?

2005

Mr Bassey purchased a motor vehicle for use in his business and debited the purchases account with the same value. This is an error of?

2005

What are the appropriate recording procedures for entries in the trial balance?

2005

Given:Rent..............₦10,000 Rates.............₦5,000 Capital...........₦50,000 Salaries..........₦14,000 Cash..............₦26,000 Creditors..........₦5,000The total trial balance is?

2005

Given:Liabilities..............₦23,700 Current assets...........₦20,300 Fixed assets.............₦64,500What is the capital introduced by the proprietor?

2005 JAMB UTME Accounts Past Questions

Use the information below to answer the question.Zazzau Company:Cash in hand................₦50 Cash in bank................₦1 250 Stock.......................₦4 880 Furniture...................₦9 60 Building........…

Use the information below to answer the questionZazzau Company:Cash in hand................₦50 Cash in bank................₦1 250 Stock.......................₦4 880 Furniture...................₦9 60 Building.........…

If the assets and liabilities of a firm were valued at ₦17,200 and ₦5,120 respectively, the capital of the firm would be?

Which of the following item is found on the credit side of the sales ledger control account?

Given:Purchases ledger balance..............₦4000 Purchases for the period..............₦50000 Cash refunded by suppliers............₦290 Cheques paid to suppliers..............₦42300 Returns outwards................…

The item that are contained in the bought ledger control account are?

Use the information to answer the question.A piece of equipment costing ₦120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. It was sold on 30/6/1999 for ₦31,500.The ne…

Use the information to answer the question.A piece of equipment costing ₦120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. It was sold on 30/6/1999 for ₦31,500.The ac…

Goods withdraw from business for private use are credited to?

Given:...............................Jan.2003.........Dec. 2003 Provision for bad debt........₦1000 Debtors..........................................₦20000 Bad debt to be written off.......................₦2000The pro…

In a three-column cash book,the discount allowed is shown on the?

A rent received by a trader for sub-letting part of his business premises should be added to the?

Five hundred naira monthly is allowed on an imprest system. The following transactions took place.Period 1:Cash advanced to petty cashier......₦500 Petty cashier paid out: stamp.......₦200 Newspaper....................…

Five hundred naira monthly is allowed on an imprest system.The following transactions took place.Period 1:Cash advanced to petty cashier......₦500 Petty cashier paid out: stamp.......₦200 Newspaper.....................…

Yahya,s bank account shows a credit balance of ₦1500,000. He paid ₦1700,000 into the bank.What is his expected balance?

Mr Bassey purchased a motor vehicle for use in his business and debited the purchases account with the same value. This is an error of?

What are the appropriate recording procedures for entries in the trial balance?

Given:Rent..............₦10,000 Rates.............₦5,000 Capital...........₦50,000 Salaries..........₦14,000 Cash..............₦26,000 Creditors..........₦5,000The total trial balance is?

Given:Liabilities..............₦23,700 Current assets...........₦20,300 Fixed assets.............₦64,500What is the capital introduced by the proprietor?

The journal entries for the purchase of stock on credit are to debit?