2005 JAMB UTME Accounts Past Questions

2005

Musa merchants Trading and profit and Loss Account for the year ended Dec. 31st, 2003. Determine the closing stock.

2005

The accounting method that reports incomes when earned and expenses when incurred is called?

2005

A company paid cash in redemption of ₦10,000 debenture. The accounting entry to record this will be to debit?

2005

When assets are realized during a partnership dissolution, the entries for the proceeds are to debit?

2005

Use the information below to answer the questionJide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives…

2005

Use the information below to answer the questionJide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives…

2005

Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including?

2005

In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a?

2005

The head office of Emeka Stores maintains the financial accounts of all its branches. The branch store account in the head office serves as the branch?

2005

A company incurred ₦21 000 in running its four departments, namely J,K,L and M with a corresponding number of employees as 1500, 2000, 3000 and 500 respectively. What is the share of department K?

2005

Departmental accounts are prepared to aid the comparison of the?

2005

Gamji Memorial Club carried out an activity which yield a profit of ₦10 000. This amount is to be transferred to the?

2005

The not-for-profit-making organizations generate their income mainly from?

2005

Use the information below to answer questionsPurchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress..............…

2005

Use the information below to answer the question.Subscription.....................₦5420 Canopy rent......................₦400 Wages............................₦1100 Post-ages........................₦300 Loss from bar…

2005

Use the information below to answer questions:Purchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress.............…

2005

Use the information below to answer the question.Purchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress..........…

2005

Use the information below to answer the questionDirect labour...................₦50 000 Beginning work-in-progress......₦4 000 Raw materials used..............₦18 000 Indirect labour.................₦4 000 Ending fin…

2005

Use the information below to answer the question:Direct labour...................₦50 000 Beginning work-in-progress......₦4 000 Raw materials used..............₦18 000 Indirect labour.................₦4 000 Ending fi…

2005 JAMB UTME Accounts Past Questions

Musa merchants Trading and profit and Loss Account for the year ended Dec. 31st, 2003. Determine the closing stock.

The accounting method that reports incomes when earned and expenses when incurred is called?

A company paid cash in redemption of ₦10,000 debenture. The accounting entry to record this will be to debit?

When assets are realized during a partnership dissolution, the entries for the proceeds are to debit?

Use the information below to answer the questionJide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives…

Use the information below to answer the questionJide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives…

Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including?

In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a?

The head office of Emeka Stores maintains the financial accounts of all its branches. The branch store account in the head office serves as the branch?

A company incurred ₦21 000 in running its four departments, namely J,K,L and M with a corresponding number of employees as 1500, 2000, 3000 and 500 respectively. What is the share of department K?

Departmental accounts are prepared to aid the comparison of the?

Gamji Memorial Club carried out an activity which yield a profit of ₦10 000. This amount is to be transferred to the?

The not-for-profit-making organizations generate their income mainly from?

Use the information below to answer questionsPurchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress..............…

Use the information below to answer the question.Subscription.....................₦5420 Canopy rent......................₦400 Wages............................₦1100 Post-ages........................₦300 Loss from bar…

Use the information below to answer questions:Purchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress.............…

Use the information below to answer the question.Purchase:Raw materials.................₦15 000 Finished goods...........................₦11 400Stock:....(1/7/01)Raw materials..........₦2 250 Work-in-progress..........…

Use the information below to answer the questionDirect labour...................₦50 000 Beginning work-in-progress......₦4 000 Raw materials used..............₦18 000 Indirect labour.................₦4 000 Ending fin…

Use the information below to answer the question:Direct labour...................₦50 000 Beginning work-in-progress......₦4 000 Raw materials used..............₦18 000 Indirect labour.................₦4 000 Ending fi…

A component of an overhead manufacturing cost is