2004 JAMB UTME Accounts Past Questions

2004

The balancing figure in the purchases ledger control account is?

2004

The statement of assets and liabilities in the public sector can be described as the?

2004

The budget statement presented to the legislature by the Chief Executive is called?

2004

According to the provisions of the 1999 Constitution, all revenues generated by the Federal Government must be paid into the?

2004

Share premium is an example of?

2004

The expenses incurred in promoting a company are?

2004

Debentures can be redeemed out of?

2004

The accounting entry to record the premium on goodwill is to debit?

2004

When a new partner is admitted to a partnership, there is a need to revalue the?

2004

What is Kunle's share of the profit?

2004

Use the information below to answer questions 39 and 40.Jumoke and Kunle have an original investment of ₦25,000 and ₦15,000 respectively in a partnership. The articles of partnership provides 3% interest on capital and s…

2004

On dissolution, the final distribution of cash to partners is based on?

2004

Transfers from the head office to branches are best carried out at?

2004

Discounts granted branch customers are treated as a debit to branch?

2004

How are credit sales by a department treated?

2004

A rapidly growing business organization with multiple units that is interested in comparing the performances and weaknesses of each unit should adopt?

2004

In the balance sheet of a not-for-profit-making organization, subscription paid in advance is regarded s a?

2004

Where the debit side of the income and expenditure account is higher than the credit side, the difference is a?

2004

In the balance sheet, the subscription in arrears will be?

2004

Use the information below to answer the question.On January 1, 2000, a club's assets and liabilities were as follows:Club house...................₦8,000 Subscription.................₦300 Cash.........................₦1…

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