1998 JAMB UTME Accounts Past Questions

1998

If a monthly insurance premium is remitted to a company by the state government, the initial deductions from employees are recorded in?

1998

Money not required to meet chargeable expenditure in any fiscal year under cash accounting, should be?

1998

In a public corporation, the capital expenditure incurred in a financial period is?

1998

The term fiscal compliance means?

1998

The difference between the closure of the books of a branch and those of a separate company is that?

1998

Which of the following entries is effected by a department when goods are charged to it at selling prices?

1998

To compute gearing ratio, divide?

1998

The part of equity which is payable on winding up is called?

1998

Under which of these conditions can a company issue shares at discount? (i)A resolution must be passed at a general meeting (ii) The amount of discount must be stated in the resolution (iii) The share must have existed f…

1998

Granada Corporation has net assets of ₦600,000 and contributed capital of ₦180,000. The corporation has 30,000 shares of common stock outstanding with no preferred stock. This suggest that the corporation has?

1998

The ordinary shareholders enjoy the following rights except the right to?

1998

Dan and Baker are in partnership with capitals of ₦50,000 and ₦30,000 each. The partnership agreement provides that: (i) profits be shared in the ratio of capital (ii) both partners earn interest on capital at 6% p.a (iv…

1998

Use the information below to answer question 38 and 39.Dan and Baker are in partnership with capital of ₦50,000 and ₦30,000 each. The partnership agreement provides that:(i) profits be shared in the ratio of capital. (ii…

1998

The price paid by an acquiring company is the?

1998

Which of the following is an intangible asset and a measure of a firm's superior earning power?

1998

Umar and Ahemed share profit and losses equally and have capital balances of ₦40,000 and ₦60,000 respectively. If bdullahi purchases one-third interest with no bonus, how much will he have to contribute to the partnershi…

1998

When forming a partnership, new partners should record non-monetary assets on the new partnership's books at?

1998

Which of the following indicate that a partnership business is in place? (i) There is a business(ii)It is run commonly by partners (iii)It has profit-making in view(iv) Partners' liability is limited

1998

A non-profit-making organization differs from a profit-making one in that?

1998

The trading account is to a sole trader what income and expenditure account is to a?

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