2017
Goodwill can be created in the books of a partnership firm when
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2017 JAMB UTME Accounts Past Questions
2017
The following appears in trading account except
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2017
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Balance as per cashbook} & 5 467 \\ \hline \text{Uncredited cheques} & 4 410 \\ \hline \text{Unpresented cheques} & 19 404 \\ \hline \text{Cheques wrongly d…
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2017
The accounting entries for goods stolen in branch will be to debit
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2017
\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 150,000 \\ \hline \text{Purchases} & 500,000 & 250 000 \\ \hline \text{Discount rece…
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2017
Discount allowed is enjoyed by
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2017
An advantage of FIFO method of stock valuation is that
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2017
Calculate the discount received in Department B:\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 500 000 \\ \hline \text{Purchases} & 150…
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2017
One of the options below have the same features as the profit and loss account in non-profit organization
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2017
The following are the importance of branch account except
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2017
Given:I. It records subscription in arrears II. Payments of liabilities is effected III. The account does not show if cash payment is revenue or capital expenditure IV. It performs the same function as cashbook The featu…
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2017
Which of these is the main source document for recording cash paid into bank?
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2017
When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added
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2017
\(\begin{array}{c|c} & N \\ \hline \text{Plant and Machinery} & 190 000 \\ \hline \text{Motor Vehicle} & 170 000 \\ \hline \text{Stock} & 60 000 \\ \hline \text{Current Liabilities} & 50 000 \\ \hline…
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2017
Salaries in arrears is treated in the balance sheet as a
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2017
\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\ \hline \text{Carriage inwards} & 500 \\ \hline \text{Sales} & 9000 \\ \hline \text{Carriage outwards}…
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2017
one of the options below is not the source of income for non- profit organization
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2017
The authority warrant issued prior to the approval of the appropriate bill at the beginning of the year
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2017
Changes can occur in partnership when: I. partnership is dissolved Ii. There is amalgamation of partnership Iii.There is a change in the profit or loss sharing ratio Iv. Intangible asset increase
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2017
Processed data is only useful to user if it is
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