Jamb Accounting Past Questions For Year 2006
Question 41
What was the bank balance at the end of the month?
- A. N7 000
- B. N6 500
- C. N 7 500
- D. N 9 000
Question 42
On Jan. 30 Khalifa withdraw N2500 from the bank for office use.
The cash balance at end of the month was
- A. N1 600
- B. N4 100
- C. N 6 600
- D. N6 100
Question 43
Which of the following is a journal as well as a ledger?
- A. Nominal ledger
- B. Sales day book
- C. General ledger
- D. cash book
Question 44
Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of
- A. N4000
- B. N6000
- C. N10000
- D. N8000
Question 45
LOAN IS 30% OF CREDITORS.
A company has departments S,T and U. The sales are N20 000,20 000, N40 000 AND N60 000 respectively if the sales commission paid is N12 000, how much is T's share?
- A. N8000
- B. N2000
- C. N4000
- D. N6000
