1995 JAMB UTME Accounts Past Questions

1995

Interest on a partner's drawings is debited to the

1995

The factory cost of producing goods is made up of

1995

A government accounting systems must make sure that

1995

Eko Local Government expenditureHospital building ---------------------- ₦200,000 Drugs ---------------------------------- ₦180,000 Hospital beds and mattresses ------------ ₦40,000 Doctors' and nurses' salaries -----…

1995

Which of the following are sources of revenue to state government in Nigeria?I Statutory allocation II Fines from customary courts III Petroleum tax IV Income tax

1995

Which of the following statement is correct about the head office current account and the branch current account?

1995

The Asa branch of Emene company Ltd, made a sales of ₦549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were ₦34,400 and there…

1995

Departmental accounts re maintained to ascertain the

1995

The measure of a company's ability to pays its debts quickly is called

1995

A total of 400,000 shares of ₦1 each are to be issued by Sariki company Ltd at a price of ₦1.20 per share. Application were received for 600,000 shares out of which 100,000 were dishonored. If the available share were di…

1995

Which of the following ratios gives an idea of the liquidity of a firm?

1995

The conversion of a partners business into a limited liability company affords the

1995

Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respectively. At the end of the financial year, a profit of ₦12,000, which included Halidu's salary of ₦3,000 was made.Hamed's share of the profit s…

1995

Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respectively. At the end of the financial year, a profit of ₦12,000, which included Halidu's salary of ₦3,000 was made.Halidu's share of the profit…

1995

A partnership on admitting a new member, revalued the business' land and building from ₦30,000 to ₦70,00. The difference of ₦40,000 should be

1995

Interest on a partner's drawings is debited to the

1995

Which of the following is a strong feature of partnership?

1995

A member of a club paid ₦1,000 as is subscription for 1993 and ₦1,200 as subscription for 1992. If the financial year of the society ended on 31st December 1993, the ₦1,200 subscription will be treated in the balance she…

1995

Where a non-profit making organization prepares the account using accruals basis of reporting, the statement showing how well the organization is doing is the

1995 JAMB UTME Accounts Past Questions

Interest on a partner's drawings is debited to the

The factory cost of producing goods is made up of

A government accounting systems must make sure that

Eko Local Government expenditureHospital building ---------------------- ₦200,000 Drugs ---------------------------------- ₦180,000 Hospital beds and mattresses ------------ ₦40,000 Doctors' and nurses' salaries -----…

Which of the following are sources of revenue to state government in Nigeria?I Statutory allocation II Fines from customary courts III Petroleum tax IV Income tax

Which of the following statement is correct about the head office current account and the branch current account?

The Asa branch of Emene company Ltd, made a sales of ₦549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were ₦34,400 and there…

Departmental accounts re maintained to ascertain the

The measure of a company's ability to pays its debts quickly is called

A total of 400,000 shares of ₦1 each are to be issued by Sariki company Ltd at a price of ₦1.20 per share. Application were received for 600,000 shares out of which 100,000 were dishonored. If the available share were di…

Which of the following ratios gives an idea of the liquidity of a firm?

The conversion of a partners business into a limited liability company affords the

Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respectively. At the end of the financial year, a profit of ₦12,000, which included Halidu's salary of ₦3,000 was made.Hamed's share of the profit s…

Halidu and Hamed are business partners with ₦30,000 and ₦20,000 capital respectively. At the end of the financial year, a profit of ₦12,000, which included Halidu's salary of ₦3,000 was made.Halidu's share of the profit…

A partnership on admitting a new member, revalued the business' land and building from ₦30,000 to ₦70,00. The difference of ₦40,000 should be

Interest on a partner's drawings is debited to the

Which of the following is a strong feature of partnership?

A member of a club paid ₦1,000 as is subscription for 1993 and ₦1,200 as subscription for 1992. If the financial year of the society ended on 31st December 1993, the ₦1,200 subscription will be treated in the balance she…

Where a non-profit making organization prepares the account using accruals basis of reporting, the statement showing how well the organization is doing is the

Subscription in arrears are