2016 JAMB UTME Accounts Past Questions

2016

Partners' share of profit is credited to?

2016

Use the information below to answer the question that follows:\(\begin{array}{c|c} Creditors & 3,000 & 4,000 \\ \hline Debtors & \_\_\_ & 6,000 \\ \hline \text{Cash received from debtors} & \_\_\_ &am…

2016

Use the information below to answer the question that follows,A machine bought for ₦35,000 was estimated to have a life span of 5years with a scrap value of ₦9,000. The yearly depreciation using the straight line method…

2016

Use the information below to answer the question that follows,A machine bought for ₦35,000 was estimated to have a life span of 5years with a scrap value of ₦9,000. If the scrap value is now ₦15,000. What will be the ye…

2016

The difference between book keeping and accounting is that while

2016

The objective of departmental account is to

2016

A business organization prepares departmental account in order to

2016

When the purchase consideration is lower ttan the net asset, the buyer has gained the advantage of

2016

Which of the following is accounted for in receipts and payments account?

2016

Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled #800,000. A provision for bad and doubtful debts. Find the amount for sundry debtors after provision.

2016

When stock is withdrawn for personal use, the accounting entries is to debit

2016

Purchases can be ascertained through the preparation of a

2016

Clifford pays rent of #200 per month for premises He paid #2,800 within the year. Computer the prepayment.

2016

I. Members subscription II. Fines from membersIII. DonationIV. Loan from bank From the informaation above, sources of income for a Not-for-profit-making organization include

2016

The trader is capital in a single entry system is ascertained by preparing

2016

Which of the foloowing is a credit item in creditors ledger control account?

2016

The total cash and cheques received from customers in a control account is derived from the

2016

Opening balance of Dikscompany was #12,202, closing balance #15,300, total cash received during the period #40,000. What wasthe amount of cash paid during the same period?

2016

Impersonal account is subdivided into

2016

The costs of acquiring fixed assets and bringing them into the firm is a

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2016 JAMB UTME Accounts Past Questions

Partners' share of profit is credited to?

Use the information below to answer the question that follows:\(\begin{array}{c|c} Creditors &amp; 3,000 &amp; 4,000 \\ \hline Debtors &amp; \_\_\_ &amp; 6,000 \\ \hline \text{Cash received from debtors} &amp; \_\_\_ &am…

Use the information below to answer the question that follows,A machine bought for ₦35,000 was estimated to have a life span of 5years with a scrap value of ₦9,000. The yearly depreciation using the straight line method…

Use the information below to answer the question that follows,A machine bought for ₦35,000 was estimated to have a life span of 5years with a scrap value of ₦9,000. If the scrap value is now ₦15,000. What will be the ye…

The difference between book keeping and accounting is that while

The objective of departmental account is to

A business organization prepares departmental account in order to

When the purchase consideration is lower ttan the net asset, the buyer has gained the advantage of

Which of the following is accounted for in receipts and payments account?

Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled #800,000. A provision for bad and doubtful debts. Find the amount for sundry debtors after provision.

When stock is withdrawn for personal use, the accounting entries is to debit

Purchases can be ascertained through the preparation of a

Clifford pays rent of #200 per month for premises He paid #2,800 within the year. Computer the prepayment.

I. Members subscription II. Fines from membersIII. DonationIV. Loan from bank From the informaation above, sources of income for a Not-for-profit-making organization include

The trader is capital in a single entry system is ascertained by preparing

Which of the foloowing is a credit item in creditors ledger control account?

The total cash and cheques received from customers in a control account is derived from the

Opening balance of Dikscompany was #12,202, closing balance #15,300, total cash received during the period #40,000. What wasthe amount of cash paid during the same period?

Impersonal account is subdivided into

The costs of acquiring fixed assets and bringing them into the firm is a

Use the information below to answer the question that follows:\(\begin{array}{c|c} Creditors & 3,000 & 4,000 \\ \hline Debtors & \_\_\_ & 6,000 \\ \hline \text{Cash received from debtors} & \_\_\_ &am…