2013 JAMB UTME Accounts Past Questions

2013

In manufacturing account, the work-in-progress at the end of the year is

2013

Purchase of raw materials - #330,000Closing stock of raw materials - #80,000Direct wages - #30,000Carriages of raw materials - #10,000Determine the prime cost

2013

Opening stock of raw materials - #75,000Purchase of raw materials - #330,000Closing stock of raw materials - #80,000Direct wages - #30,000Carriages of raw materials - #10,000Calculate the cost of raw materials used

2013

The addition of prime cost, indirect cost and opening work-in-progress less the closing work-in-progress will result in cost of

2013

When goods produced are transferrd at cost plus mark-up sale, the difference between the cost and the transferred price is a

2013

Given:Drawings - #3,500Net loss - #2,500Capital 1/1/2007 - #35,000Additional capital - #10,000The adjusted capital as at 31/1/2007 is

2013

The estimated profit or loss for a period is calculated by

2013

Given:Opening capital - #50,000Closing capital - #64,000Drawings - #16,000Determine the net profit

2013

1/1/2010 31/12/2010Creditors - #9,000 #9,800Rent owing - #3,800 #2,500Rates prepaid - #2,000 #3,500Motor van - #8,000 #8,000Premises - #10,000 #10,500Calculate the closing capital

2013

The total cash and cheques received from customers in a control account is derived from the

2013

What type of stock valuation would a vegetable seller adopt in valuing it's product?

2013

Given:Opening capital - #1,500Capital introduced - ₦500Profit for the year - ₦800Cash drawings - ₦250Calculate the closing capital

2013

Sales - #232,000Opening stock - ₦28,000Purchases - #128,000Carriage inwards - ₦4,000Carriage outwards - ₦6,000Closing stock - ₦10,000Discount received - ₦18,000Expenses - ₦20,000Calculate the expenses debited to the prof…

2013

Sales - #232,000Opening stock - ₦28,000Purchases - #128,000Carriage inwards - ₦4,000Carriage outwards - ₦6,000Closing stock - ₦10,000Discount received - ₦18,000Expenses - ₦20,000Calculate the gross profit

2013

The purchase of mattresses from Freehold enterprises by cheque amounted to #305,150. The correct entries for this transaction in the book of the buyer is to debit

2013

A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

2013

A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000The yearly depreciation using the straight line method would be

2013

1. The amount of the imprest is the same from one organization to another11.At the end of a fixed period, the petty cashier received a fixed sum of money.111. At the end of a period, the petty cashier is reimbursed with…

2013

Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka, debit

2013

The corresponding entry of personal accounts found in the debit side of the cash is to

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