Jamb Accounting Past Questions For Year 2012
Question 36
Given:
1. The Memorandum of Association of the Company
11.The Article of Association of the Company
111. The Incorporation documents
From the above, which of the following is delivered to the Registrar of companies for incorporation
- A. 1 and 11
- B. 1, 11 and 111
- C. 1 and 111
- D. 11 and 111
Question 37
In converting a partnership into a limited liability company, the necessary accounts to be opened in the books of the company are
- A. business purchase account and ordinary share capital account
- B. Business purchase account, vendor account and ordinary share capital account
- C. business purchase account and vendor account
- D. ordinary share capital account, vendor account and unpaid share capital account
Question 38
The power to appoint the Auditor General of the Federation is vested in the
- A. National Assembly
- B. President
- C. Judicial Service Commission
- D. Civil Service Commission
Question 39
The Petroleum Technology Development Fund is under the
- A. general fund
- B. contingency fund
- C. trust fund
- D. capital fund
Question 40
The book into which all types of a ministry's expenditure are recorded is the
- A. ledger book
- B. payment book
- C. vote book
- D. expenditure book
