2021
If a company values its stock in the period of rising prices using LIFO method, there is a tendency for it to
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2021 JAMB UTME Accounts Past Questions
2021
Use the information below to answer this questionA company advertised and issued 750,000, 12% preference shares of N1 each to be issued₦1.50 per share. Applications for 1,370,000 were received at 30k per share. 70k per s…
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2021
Use the information below to answer this questionA company advertised and issued 750,000, 12% preference shares of N1 each to be issued₦1.50 per share. Applications for 1,370,000 were received at 30k per share. 70k per s…
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2021
Use the information below to answer this question: i. cash at bank ii. cash in hand iii. premises iv. land v. creditors vi. loan from friends/bankWhat are the current assets?
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2021
Use the information below to answer this question: i. cash at bank ii. cash in hand iii. premises iv. land v. creditors vi. loan from friends/bankDetermine the fixed assets
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2021
Given: ₦ Bank overdraft 2,000 Cash 2,000 Furniture 4,000Derive the total amount on the credit side of the trial balance
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2021
Stationery which will be used over a long period of time is usually recorded as an expense instead of an asset. This concept is called
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2021
The accounting method that reports incomes when earned and expenses when incurred is called
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2021
Use the information below to answer the question Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/dDept A ₦6,000 1,800 ? 600 ?6,000Dept B ₦4,000 1,200 ? ?1,600 4,000Tot…
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2021
Use the information below to answer the question Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/dDept A ₦6,000 1,800 ? 600 ?6,000Dept B ₦4,000 1,200 ? ?1,600 4,000Tot…
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2021
Given: ₦ Total debtors b/d 31/12/99 25,000 Cheques received from debtors 255,000 Total debtors c/d 31/12/00 15,000Calculate the sales figure
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2021
In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover
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2021
The excess of income over expenditure is usually transferred to the
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2021
Given: Depreciation of plant and machinery Factory rent Indirect wages General indirect expenses Lubricants Carriage inwards Factory power Bank charges Carriage outwards ₦ 1,600 650 695 726 1,235…
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2021
Capital and revenue expenditures of government are usually accounted for under funds which include
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2021
The ordinary shareholders enjoy the following right except the right to
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2021
Which of the following stock valuation method is suitable under inflationary conditions?
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2021
Sales ledger control account contains the total amount in respect of
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