Jamb Accounting Past Questions For Year 2003
Question 36
Use the information below to answer question .
...........PQ Manufacturing Company
Raw materials (1/11/2001)...........N3 500
Raw materials (31/12/2001)..........N4 900
Purchase of raw materials...........N56 000
Salary .............................N63 000
Wages...............................N148 000
Factory lighting ...................N3 080
Plant Depreciation..................N2 800
Factory Insurance ..................N2 170
The company consumed raw materials worth?
- A. N54 600
- B. N56 000
- C. N57 400
- D. 59 500
Question 37
Use the information below to answer question .
...........PQ Manufacturing Company
Raw materials (1/11/2001)...........N3 500
Raw materials (31/12/2001)..........N4 900
Purchase of raw materials...........N56 000
Salary .............................N63 000
Wages...............................N148 000
Factory lighting ...................N3 080
Plant Depreciation..................N2 800
Factory Insurance ..................N2 170
The overhead cost is?
- A. N71 050
- B. N68 250
- C. N67 970
- D. N66 080
Question 38
During the year ended 31st December 2001,
Nuju Enterprises paid rent as follows:
Jan. 20, N24 000 for a period of 4 months.
May. 16, N30 000 for a period of 5 months.
Oct. 15, N36 000 for a period of 6 months.
What is the overpaid portion of the rent?
- A. N36 000
- B. N18 000
- C. N12 000
- D. N6 000
Question 39
Which of these is a capital expenditure warrant?
- A. Provisional general warrant
- B. Development fund general warrant
- C. Reserved expenditure general warrant
- D. Supplementary warrant
Question 40
Given:
Total debtors b/d 31/12/99...............N25 000
Cheques received from debtors ...........N255 000
Total debtors c/d 31/12/00...............N15 000
Determine the sales figure?
- A. N295 000
- B. N265 000
- C. N245 000
- D. N215 000
