Jamb Accounting Past Questions
Question 1371
| Earnings per share 47k |
| Dividends per share 30k |
| Per value of each share N1.20 |
| market price per share NM1.50 |
- A. N3.91
- B. N3.19
- C. N2.95
- D. N2.55
Question 1372
Transactions are recorded or posted to the ledger in line with
- A. Accounting Concept
- B. Source document
- C. Double Entry Principle
- D. Data collection
Question 1373
A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/20% of annual credit sales, what was the credit sales for the period?
- A. N210,000
- B. N844,400
- C. N840,000
- D. N500,000
Question 1374
The fixed amount of money given to a petty cashier at the beginning of a period is called?
- A. Imprest
- B. float
- C. cash advance
- D. cash
Question 1375
The sum of the interest on Joy’s drawing and her drawings is___________
- A. #511.25 debit
- B. #500.00 credit
- C. #349.75 debit
- D. #340.00 credit
