2015 JAMB UTME Accounts Past Questions

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2015

If rent account is debited instead of rate account, the error committed is that of;

2015

The loss made by a non profit making organization is called

2015

An advantage of using accounting ratios is that

2015

Use the information below to answer this question:\(\begin{array}{c|c} \hline & \text{Dept A} & \text{Dept B} \\ \hline \text{Sales} & 180,000 & 150,000 \\ \hline \text{Cost of sales} & 79,000 & 8…

2015

Accounting information is used by investors and creditors of a company to predict

2015

If sales return is understated, it implies that ------------------------------ is overstated

2015

Use the following information to answer this question.Club building 400,000Subscription prepaid 3,000Sport kits 150,000Bar creditors 85,000Subscription owing 32,000What is the club’s total liabilities

2015

If a trail balance is in agreement, one of the statement is untrue

2015

Which of the following cannot be realized?

2015

Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements are known as ---------------------

2015

Goods stolen at the branch is debited to

2015

The income and expenditure account of a club is the same as

2015

Which of the following is shown in the profit and loss appropriation account of a company

2015

Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; creditors at the end 2,000

2015

When shares are sold at more than the per value, they are said to have been issued at

2015

Which of the following accounts is debited when a delivery van is sold for cash?

2015

Which of the following is true in public sector accounting? Cost of assets is

2015

Keeping records under single entry system has the advantage of

2015

A sales for ₦2,570 was recorded in the sales day book as ₦2750. The error committed was

2015

Use the information below to answer this question.A business has three departments x, y and zYou are given the following information Selling and distribution expenses ₦5200 Rent for the year₦6000 Department turnover floo…

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2015 JAMB UTME Accounts Past Questions

If rent account is debited instead of rate account, the error committed is that of;

The loss made by a non profit making organization is called

An advantage of using accounting ratios is that

Use the information below to answer this question:\(\begin{array}{c|c} \hline &amp; \text{Dept A} &amp; \text{Dept B} \\ \hline \text{Sales} &amp; 180,000 &amp; 150,000 \\ \hline \text{Cost of sales} &amp; 79,000 &amp; 8…

Accounting information is used by investors and creditors of a company to predict

If sales return is understated, it implies that ------------------------------ is overstated

Use the following information to answer this question.Club building 400,000Subscription prepaid 3,000Sport kits 150,000Bar creditors 85,000Subscription owing 32,000What is the club’s total liabilities

If a trail balance is in agreement, one of the statement is untrue

Which of the following cannot be realized?

Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements are known as ---------------------

Goods stolen at the branch is debited to

The income and expenditure account of a club is the same as

Which of the following is shown in the profit and loss appropriation account of a company

Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; creditors at the end 2,000

When shares are sold at more than the per value, they are said to have been issued at

Which of the following accounts is debited when a delivery van is sold for cash?

Which of the following is true in public sector accounting? Cost of assets is

Keeping records under single entry system has the advantage of

A sales for ₦2,570 was recorded in the sales day book as ₦2750. The error committed was

Use the information below to answer this question.A business has three departments x, y and zYou are given the following information Selling and distribution expenses ₦5200 Rent for the year₦6000 Department turnover floo…

Use the information below to answer this question:\(\begin{array}{c|c} \hline & \text{Dept A} & \text{Dept B} \\ \hline \text{Sales} & 180,000 & 150,000 \\ \hline \text{Cost of sales} & 79,000 & 8…