2003 JAMB UTME Accounts Past Questions

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2003

Use the information below to answer the question:Total sales of ticket₦300 000Amount received from the sales₦260 000Cash purchase of club house₦100 000Credit purchase of equipment₦60 000Electricity bill paid₦5 000Salarie…

2003

The necessary accounts to be opened on the issue of ordinary share capital are?

2003

Use the information below to answer the question Goods from head office................₦13,400Returns to head office ...............₦118Rates and insurance paid .............₦188Wages paid ...........................₦9…

2003

Use the information below to answer the question Goods from head office................₦13,400Returns to head office ...............₦118Rates and insurance paid .............₦188Wages paid ...........................₦9…

2003

Given:(i) the consolidation revenue fund balance b/d..₦650 000(ii) issue from contingency fund amount to......₦240 000(iii) amount transferred to contingency fund is.₦210 000What is the consolidation revenue fund balance…

2003

For the purpose of conversion of a partnership to a company, a total purchase consideration of ₦3.6m was paid. If 30% of the purchase consideration was in cash and the rest by 50k shares, how many shares issued?

2003

Which of these is a capital expenditure warrant?

2003

Given: Total debtors b/d 31/12/99...............₦25 000Cheques received from debtors ...........₦255 000Total debtors c/d 31/12/00...............₦15 000 Determine the sales figure?

2003

Receipts and payments accounts is the summary of?

2003

Use the information below to answer the question Total sales of ticket.......................₦300 000Amount received from the sales..............₦260 000Cash purchase of club house.................₦100 000Credit purcha…

2003

The first step in converting as single entry to a double entry system of bookkeeping is to prepare a?

2003

A company has departments M and N. The expenses incurred wholly in M is ₦5000. General expenses incurred amount to ₦25000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively.What is N's share…

2003

Use the information below to answer the question ............PQ Manufacturing Company Raw materials (1/11/2001)...........₦3 500Raw materials (31/12/2001)..........₦4 900Purchase of raw materials...........₦56 000Sala…

2003

Use the information below to answer question ............PQ Manufacturing CompanyRaw materials (1/11/2001)...........₦3 500Raw materials (31/12/2001)..........₦4 900Purchase of raw materials...........₦56 000Salary .....…

2003

During the year ended 31st December 2001,Nuju Enterprises paid rent as follows:Jan. 20, ₦24 000 for a period of 4 months.May. 16, ₦30 000 for a period of 5 months.Oct. 15, ₦36 000 for a period of 6 months. What is the o…

2003

Given:..............Rich Social Club...........Cash.........................₦100,000Loan ........................₦30,000Subscription in arrears......₦5,000Subscription in advance......₦15,000What is the accumulation fund…

2003

A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. ₦10,000 worth of goods was not sold at the end of the accounting period.How much is the unrealized profit?

2003

Income and expenditure account is more informative than receipts and payments account because it discloses?

2003

Given:Cost of raw materials issued to production.....₦37000Opening stock of raw material..................₦2000Purchases of raw material......................₦3800Wages .........................................₦500What i…

2003 JAMB UTME Accounts Past Questions

Use the information below to answer the question:Total sales of ticket₦300 000Amount received from the sales₦260 000Cash purchase of club house₦100 000Credit purchase of equipment₦60 000Electricity bill paid₦5 000Salarie…

The necessary accounts to be opened on the issue of ordinary share capital are?

Use the information below to answer the question Goods from head office................₦13,400Returns to head office ...............₦118Rates and insurance paid .............₦188Wages paid ...........................₦9…

Use the information below to answer the question Goods from head office................₦13,400Returns to head office ...............₦118Rates and insurance paid .............₦188Wages paid ...........................₦9…

Given:(i) the consolidation revenue fund balance b/d..₦650 000(ii) issue from contingency fund amount to......₦240 000(iii) amount transferred to contingency fund is.₦210 000What is the consolidation revenue fund balance…

For the purpose of conversion of a partnership to a company, a total purchase consideration of ₦3.6m was paid. If 30% of the purchase consideration was in cash and the rest by 50k shares, how many shares issued?

Which of these is a capital expenditure warrant?

Given: Total debtors b/d 31/12/99...............₦25 000Cheques received from debtors ...........₦255 000Total debtors c/d 31/12/00...............₦15 000 Determine the sales figure?

Receipts and payments accounts is the summary of?

Use the information below to answer the question Total sales of ticket.......................₦300 000Amount received from the sales..............₦260 000Cash purchase of club house.................₦100 000Credit purcha…

The first step in converting as single entry to a double entry system of bookkeeping is to prepare a?

A company has departments M and N. The expenses incurred wholly in M is ₦5000. General expenses incurred amount to ₦25000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively.What is N's share…

Use the information below to answer the question ............PQ Manufacturing Company Raw materials (1/11/2001)...........₦3 500Raw materials (31/12/2001)..........₦4 900Purchase of raw materials...........₦56 000Sala…

Use the information below to answer question ............PQ Manufacturing CompanyRaw materials (1/11/2001)...........₦3 500Raw materials (31/12/2001)..........₦4 900Purchase of raw materials...........₦56 000Salary .....…

During the year ended 31st December 2001,Nuju Enterprises paid rent as follows:Jan. 20, ₦24 000 for a period of 4 months.May. 16, ₦30 000 for a period of 5 months.Oct. 15, ₦36 000 for a period of 6 months. What is the o…

Given:..............Rich Social Club...........Cash.........................₦100,000Loan ........................₦30,000Subscription in arrears......₦5,000Subscription in advance......₦15,000What is the accumulation fund…

A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. ₦10,000 worth of goods was not sold at the end of the accounting period.How much is the unrealized profit?

Income and expenditure account is more informative than receipts and payments account because it discloses?

Given:Cost of raw materials issued to production.....₦37000Opening stock of raw material..................₦2000Purchases of raw material......................₦3800Wages .........................................₦500What i…

four broad classifications of overheads are?