2018
Using the following:Balance as par overdraft of the cashbook is ₦4000, uncredited cheque is ₦2300, bank charges ₦300, unpresented cheque ₦5000.What is the adjusted cashbook balance?
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2018 JAMB UTME Accounts Past Questions
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2018
What act generally includes completing unfinished partnership business, collecting and paying debts, collecting partnership assets to be turned into cash and taking inventory?
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2018
In departmental accounting, which is not a transfer pricing_________
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2018
When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________
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2018
Which of the following methods of invoicing goods to branches facilitate easy checks on the activities of branches?
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2018
₦Stock at branch 1st January at cost 400Goods sent to branch at cost8000Returns to head office340 Cash sales9160Stock at branch 31st December at cost720Use the information below to answer the question.Adex Ltd…
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2018
The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a
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2018
Use the information below to answer the questionLiabilities ₦Assets ₦Capital 40,000 Furnishing 10,000 Cei…
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2018
Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including____________
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2018
In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a_____________
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2018
Which of the following is not a type of branch?
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2018
Why are adjustments in the profit and loss account necessary?
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2018
Calls in advance are treated in the balance sheet as_______
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2018
Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?
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2018
Gross profit in the branch adjustment account is transferred to the branch____________
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2018
If the purchase price exceeds the net assets of a company, the excess amount is debited to________________
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2018
In the head office ledger, the value of goods sent to the branch are____________
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2018
Use the information below to answer the question:Liabilities ₦Assets ₦Capital 40,000 Furnishing 10,000 Ce…
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2018
When goodwill is not retained in the business, the entries in the new partners books will be to debit______________
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2018
The amount called in respect of a share but not paid before or on the date fixed for payment is referred to as:
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