Jamb Accounting Past Questions For Year 2009
Question 46
The book value per share is obtained by dividing?
- A. shareholders equity by outstanding shares
- B. total assets by outstanding shares
- C. gross profit by outstanding shares
- D. net profit by outstanding shares
Question 47
Use the information to answer the question.
..........................30/9/06.......30/9/07.....
............................N.............N.........
Accrued insurance premium...600...........710.......
Prepaid rent income.........490............630......
The cash book includes N1,850 and N,2,100 in respect of insurance premium and rent income respectively.
What amount is to be credited to the profit and loss account in respect of rent income?
- A. N1,710
- B. N1760
- C. N2000
- D. N2240
Question 48
Use the information to answer the question.
...................................................30/9/06.......30/9/07.....
.......................................................N.............N.........
Accrued insurance premium........600...........710.......
Prepaid rent income....................490............630......
The cash book includes N1,850 and N,2,100 with respect to insurance premium and rent income respectively.
The insurance premium to be taken to the profit and loss account would be.
- A. N1,310
- B. N1,850
- C. N1,990
- D. 2,210
Question 49
If the opening stock is 5% of sales. calculate the purchases
- A. N95,600
- B. N95,000
- C. N90,600
- D. N85,000
Question 50
If the gross profit margin is 10% of sales, what is the value of the cost of goods sold?
- A. N10,000
- B. N90,000
- C. N105,600
- D. N110,000
