Jamb Accounting Past Questions For Year 2005
Question 36
The movement of goods from head office to a branch is treated in the in the head office accounts as?
- A. sales
- B. issue
- C. purchase
- D. requisition
Question 37
A company incurred N21 000 in running its four departments, namely J,K,L and M with a corresponding number of employees as 1500, 2000, 3000 and 500 respectively. What is the share of department K?
- A. N9000
- B. N6000
- C. N4500
- D. N1500
Question 38
Departmental accounts are prepared to aid the comparison of the?
- A. previous year's transactions
- B. daily profits
- C. workers' performances
- D. management performances
Question 39
Gamji Memorial Club carried out an activity which yield a profit of N10 000. This amount is to be transferred to the?
- A. debit side of its profit and loss account
- B. credit side of its profit and loss account
- C. debit side of its income and expenditure account
- D. credit side of its income and expenditure account
Question 40
The not-for-profit-making organizations generate their income mainly from?
- A. bar sales
- B. subcriptions
- C. rents
- D. pools
