Jamb Accounting Past Questions For Year 1997
Question 46
What is the balance of the bank account shown above?
- A. N88 500 debit
- B. N 88 500 credit
- C. N 59 410 credit
- D. N 59 410 debit
Question 47
A dividend of 10% in a company on 500 000 ordinary shares of N 1 nominal value has been declared, How much will a shareholder receive if he has 200 shares?
- A. N 500 000
- B. N 50 000
- C. N200
- D. N 20
Question 48
A company has 5% debentures worth N500 000 ordinary share capital N 2 000 000, and preference shares N1500 000. if the company made a profit of N 1 000 000, the debenture interest would amount to
- A. N 1 000 000
- B. N 500 000
- C. N 50 000
- D. N 25 000
Question 49
The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal]
The correct closing balance for lawal's current account is
- A. N21 100 debit
- B. N14 740 debit
- C. N14 740 credit
- D. N540 credit
Question 50
The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal
The Correct closing balance for Musa's current account is
- A. N36 000 Credit
- B. N16 600 credit
- C. N16 600 debit
- D. N1 800 credit
