<p>Use the information below to answer the question:</p><p>Trading account for the year ended 31st December 2009</p><table><tbody><tr><td>₦</td><td>₦</td></tr><tr><td>Opening Stock                                               32,000</td><td>Sales                48,000     </td></tr><tr><td>Purchases                           40,000</td><td>Less Return       2,000</td></tr><tr><td>Carriage inwards                   1,000</td><td> </td></tr><tr><td>                                           <strong> 41,000</strong></td><td> </td></tr><tr><td>Less Return                          2,000                 39,000</td><td> </td></tr><tr><td> </td><td> </td></tr><tr><td>Cost of goods available                                     ??</td><td> </td></tr><tr><td>Less closing stock                                          <strong>  9,000</strong></td><td> </td></tr><tr><td>Cost of goods sold                                            ??</td><td> </td></tr></tbody></table><p>Calculate the cost of goods sold</p>

<p>Use the information below to answer question</p><p>Trading account for the year ended 31st December 2009</p><table><tbody><tr><td>₦</td><td>₦</td></tr><tr><td>Opening Stock                                               32,000</td><td>Sales                48,000     </td></tr><tr><td>Purchases                           40,000</td><td>Less Return       2,000</td></tr><tr><td>Carriage inwards                   1,000</td><td> </td></tr><tr><td>                                           <strong> 41,000</strong></td><td> </td></tr><tr><td>Less Return                          2,000                 39,000</td><td> </td></tr><tr><td> </td><td> </td></tr><tr><td>Cost of goods available                                     ??</td><td> </td></tr><tr><td>Less closing stock                                          <strong>  9,000</strong></td><td> </td></tr><tr><td>Cost of goods sold                                            ??</td><td> </td></tr></tbody></table>

<p>The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________</p>

<p>When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________</p>

<table><tbody><tr><td>                                      N</td><td>                             N</td></tr><tr><td>Capital                                         39,000</td><td> Land  20,000</td></tr><tr><td>Long Term Loan      15, 000                   </td><td>Building 30,000</td></tr><tr><td>Creditors                                       9,000</td><td>Stock  40,000</td></tr><tr><td> </td><td>Debtors  6,000</td></tr><tr><td>Accrued wages                             5,000</td><td>Cash  8, 000</td></tr><tr><td>                       68,000</td><td>   68,000</td></tr></tbody></table><p>Use the information above to answer the question:</p><p>The acid test ratio in the company is ___________</p>

<p>Advertising expenses incurred on a product in a business organization should be charged to</p>

<img alt="" height="312" src="https://data.ulearngo.com/assets/2c97dd51-32fa-49be-bc32-456589ca4d2c" width="400"/><p>What is the amount of capital employed?</p>

2018 JAMB UTME Accounts Past Questions

Use the information below to answer the question:Trading account for the year ended 31st December 2009₦₦Opening Stock 32,000Sales 48,000 Purchases…

Use the information below to answer questionTrading account for the year ended 31st December 2009₦₦Opening Stock 32,000Sales 48,000 Purchases…

The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________

When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________

N NCapital 39,000 Land 20,000Long Term Loan 15, 000 Building 30,000Creditors…

Advertising expenses incurred on a product in a business organization should be charged to

What is the amount of capital employed?