2013 JAMB UTME Accounts Past Questions

2013

An instrument which allows public officers to increase expenditure within a year is

2013

Given:Assets and Liabilities of a Local GovernmentBank balance #6,484,000Cash ₦900,000General revenue balances #9,774,500Accrued salaries #1,220,000Investment in shares #1,480,000Vehicles #7,620,000Calculate the liabilit…

2013

Accountant-general of the federation is responsible for

2013

The debenture issued at par above the nominal value is said to be issued at a

2013

The distributable profit available to shareholders at the end of each year is the

2013

The issued share capital is the number of shares that are

2013

Given:Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;On application 46kOn allotment 20k1st Call 15k2nd Call 19kHow much is to be…

2013

Which of the following is the capital reserve of a company

2013

The objective of departmental account is to

2013

Department K YOpening stock #2,500 #800Purchases #120,000 #100,000Sales #180,000 #200,000Salaries #8,000 #30,000Closing stock #3,000 #1,500Rate expenses of #1,500 are apportioned in the ratio 1:2.What is he net profit of…

2013

When there is no basis of apportionment in an organization, the expenses should be apportioned based on

2013

When shares are issued at a discount, entries are to debit

2013

The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of

2013

When a share valued at 50k is issued at #1.59, it is said to be issued at

2013

In a partnership account, interest on drawings is

2013

A partnership's internal regulations are set out by

2013

The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a

2013

1. Direct materials11.Direct labour111.Direct expenses1V. Factory expensesPrime cost consist of

2013

2013 JAMB UTME Accounts Past Questions

An instrument which allows public officers to increase expenditure within a year is

Given:Assets and Liabilities of a Local GovernmentBank balance #6,484,000Cash ₦900,000General revenue balances #9,774,500Accrued salaries #1,220,000Investment in shares #1,480,000Vehicles #7,620,000Calculate the liabilit…

Accountant-general of the federation is responsible for

The debenture issued at par above the nominal value is said to be issued at a

The distributable profit available to shareholders at the end of each year is the

The issued share capital is the number of shares that are

Given:Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;On application 46kOn allotment 20k1st Call 15k2nd Call 19kHow much is to be…

Which of the following is the capital reserve of a company

The objective of departmental account is to

Department K YOpening stock #2,500 #800Purchases #120,000 #100,000Sales #180,000 #200,000Salaries #8,000 #30,000Closing stock #3,000 #1,500Rate expenses of #1,500 are apportioned in the ratio 1:2.What is he net profit of…

When there is no basis of apportionment in an organization, the expenses should be apportioned based on

When shares are issued at a discount, entries are to debit

The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of

When a share valued at 50k is issued at #1.59, it is said to be issued at

In a partnership account, interest on drawings is

A partnership's internal regulations are set out by

The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a

1. Direct materials11.Direct labour111.Direct expenses1V. Factory expensesPrime cost consist of

Which of the following expenses relates to the profit and loss account of a manufacturing firm

Which of the following is accounted for in receipts and payment account