2015
Use the information below to answer this question.Timo and Chris are computer engineers who went into partnership as Teachi and Co. Timo brought cash of₦12,000 furniture worth of ₦18,000 and vehicle worth of 70,000. Chri…
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2015 JAMB UTME Accounts Past Questions
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2015
Use the information below to answer this question:\(\begin{array}{c|c} \text{Raw materials Jan.} & 5,000 \\ \hline \text{Raw materials Dec.} & 5,800 \\ \hline \text{Purchase of raw materials} & 45,000 \\ \hli…
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2015
Use the information below to answer this questionSegunOjo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, bank overdraft 3500, debtor 15,500,stock 18,000, fittings 9,000 and creditors…
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2015
Use the information below to answer this question.Dangote acquired Dantata’s business for ₦350,000. The total asset work were ₦820,000 and liabilities amounted to ₦640,000The double entry to record the goodwill in the bo…
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2015
Use the information below to answer this question:\(\begin{array}{c|c} \text{Stock} & 11,250 \\ \hline \text{Debtors} & 18,750 \\ \hline \text{Creditors} & 3,750 \\ \hline \text{Bank} & 4,000 \\ \hline \t…
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2015
A limited liability company has an authorized share capital of ₦50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been full…
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2015
The purpose of a trading account is to ascertain
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2015
The accounting concept which assumes that a business will continue to be in existence into the foreseeable future is
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2015
Which of the following is not a feature of accounting information?
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2015
Capital reserves includes the following except
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2015
Use the information below to answer this question.Jejelaye Plc stock records for 2009 was given below:Jan 1 received 100 units at ₦1.00Jan 8 received 260 units at ₦1.05Jan 20 issued…
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2015
Sai Baba made sales of ₦10,000 having computed his gross profit % to sales to be 20. His opening stock was ₦250 and ending stock is ₦200. Calculate his purchases.
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2015
What is the ledger entry for sale of generator on credit to Patrick?
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2015
Preliminary expenses is an example of
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2015
The process of cost apportionment is carried out so that
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2015
To realize an asset means to
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2015
The ware and tear of a fixed assets of a company which is chargeable to company’s financial statement is called ------------------------------
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2015
The interest of a petty cashier is ₦2450Expenses N Printing 420 Cleaning 250 Stamp and postage 175 How much was received to maintain the interest at the end of the month?
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2015
Use the information below to answer this question.A limited liability company has an authorized shares capital of 50 million split into 100 millions shares. 80million shares are offered for subscriptions at 60k per share…
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2015
Use the following information to answer this question.Provision for bad debt 1500Additional information1. Bad debt written off amount to 30002. Debtors balance as at the end of the year is 28,0003. Provision for bad debt…
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