Jamb Accounting Past Questions For Year 2010
Question 11
Use the information below to answer questions
Sundry debtor..................N20,000
Provision for bad debts........N500
Provision for bad debt at 4% of sundry debtors.
Calculate the provision to be taken to the balance sheet?
- A. N780
- B. N800
- C. 1200
- D. N200
Question 12
Use the information below to answer questions
Sundry debtor..................N20,000
Provision for bad debts........N500
Provision for bad debt at 4% of sundry debtors.
Determine the provision for bad debts to profit and loss account?
- A. N500
- B. N820
- C. N1300
- D. N300
Question 13
Benefit enjoyed for which payments have not been made are?
- A. accruals
- B. prepayments
- C. acquisitions
- D. provisions
Question 14
Use the information below to answer question
Sales....................................N10,900
Stock 1/1................................N1, 000
Stock 31/12..............................N2, 000
Purchases................................N4, 000
Returns outwards.........................N800
Returns inwards..........................N600
Carriage outwards........................N300
Carriage inwards.........................N200
Find the gross profit.
- A. N7 800
- B. N7 900
- C. N9700
- D. 5700
Question 15
Use the information below to answer questions 25 and 26.
........................31/12/08...........31/12/09
Furniture and fittings..N21 000,............N28 000
Office equipment........N9 800,.............N13 200
Debtors.................N6 800,.............N5 200
Creditors...............N4 900,.............N5 100
Cash at bank............N7 000,.............N4 600
Accrued electricity bills...................N1 200
Monthly drawings average N330.
Find the opening capital?
- A. N39 700
- B. N35 900
- C. N35 740
- D. N43 660
