2019
The importance of bank statement is all except
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2019 JAMB UTME Accounts Past Questions
2019
Given:Additional capitalCapitalClosing capitalNet profit₦40008000120001500The drawings for the period stand at
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2019
The two recognised accounting bases are
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2019
Every economic unit, regardless of its legal form of existence, is treated as a separate entity from parties having economic interest is
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2019
Use the question to answer this question:Opening stock₦DepartmentAB100800Purchases:ABWages of workersSalaries1500200050100SalesAB30005000Expenses are to be shared in the ratio of sales.The net profit for departmental A i…
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2019
Use the question to answer this question:Opening stock₦DepartmentAB100800Purchases:ABWages of workersSalaries1500200050100SalesAB30005000Expenses are to be shared in the ratio of sales.The cost of goods for department B…
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2019
Abelawo ltd operates a retail branch at Aba. All purchases are made by the head office in Onitsha and goods are charged to the branch at cost plus 50%. During the year ended. Goods sent to branch at invoiced price is ₦30…
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2019
Goods can be charged to branches using any of these pricing methods except
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2019
Use the question to answer this questionThe following information were extracted from the books of Miliki stateSinking of bore holesPurchase of Motor carStationeryElectricityPurchase of drugsPurchase of beds₦2,900,000920…
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2019
Use the question to answer this questionThe following information were extracted from the books of Miliki stateSinking of bore holesPurchase of Motor carStationeryElectricityPurchase of drugsPurchase of beds₦2,900,000920…
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2019
The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 years. Using the straight line method, what is the amount of depreciation charged per annum?
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2019
A fall or decrease in the economic service potential of an asset as a result of wear, tear and obsolescence is referred to as
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2019
Use the following Information to answer this question.Stock of finished goods: Jan 1stDec 31stStock of Raw materials: Jan 1stDec 31stPurchase of Raw MaterialsManufacturing WagesDepreciation: Factory equipmentDirect expen…
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2019
Use the following Information to answer this question.Stock of finished goods: Jan 1stDec 31stStock of Raw materials: Jan 1stDec 31stPurchase of Raw MaterialsManufacturing WagesDepreciation: Factory equipmentDirect expen…
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2019
Which of these will not appear in the preparation of control account.I. Bad debtsII. DiscountsIII. ReturnsIV. Provision for bad debts
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2019
Use the information to answer this questionReceipts and Payment Account (Extract) NBal b/f 3650 Insurance 900Subscription (99) 7500 Rate 11,700…
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2019
Use the information to answer this questionReceipts and Payment Account (Extract) NBal b/f 3650 Insurance 900Subscription (99) 7500 Rate 11,700…
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2019
Use the information to answer this questionReceipts and Payment Account (Extract) NBal b/f 3650 Insurance 900Subscription (99) 7500 Rate 11,700…
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2019
The rate of interest on capital for Ade is
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2019
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively.Extract from their books for the year ended areInterest on drawings and capital is…
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