Jamb Accounting Past Questions For Year 2010
Question 36
Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800.
A provision of 2% was made for discount and 5% provision for bad and doubtful debts.
Find the amount for sundry debtors after provision?
- A. N760 000
- B. N744800
- C. N744 000
- D. N784 000
Question 37
The directors' salaries paid are items of?
- A. current liabilities
- B. profit and loss account
- C. trading account
- D. current account
Question 38
Given:
N6 000 10% preference shares of N0.50 each
N6 000 ordinary shares of N1 each
Capital reserves N2 700 000
Long-term liabilities N4 000 000
Find the value of authorized share capital?
- A. 13 000 000
- B. 12 000 000
- C. 9 000 000
- D. 15 700 000
Question 39
The capital contribution by the partners is treated in the?
- A. current account
- B. capital account
- C. trading account
- D. balance sheet
Question 40
As evidence of payments to a government ministry, the revenue collectors will issue?
- A. treasury receipt
- B. receipts vourcher card
- C. treasury card
- D. stores receipts vourcher
