Jamb Accounting Past Questions For Year 2012
Question 41
Which of the following is a source of revenue to the federation account?
- A. Market fees
- B. Bicycle licences
- C. Tarrifs
- D. Property rates
Question 42
Purchasers - #44,880
Sales - #85,850
Trade creditors - #12,250
Trade debtors - #24,000
Accrued expenses - # 350
Prepaid expenses - # 700
Stock 1/1/2006 - #25,120
Stock 31/12/2006 - #27,840
Determine the number of times stock was turned over during the period to the nearest figure
- A. 1
- B. 2
- C. 3
- D. 4
Question 43
Given:
From the above information, the gross profit from department X is
- A. N3,800
- B. N2,300
- C. N2,200
- D. N2,000
Question 44
Given:
Determine the balance
- A. 415,000 debit
- B. 215,000 credit
- C. 215,000 debit
- D. 315,000
Question 45
Determine the bank balance
- A. N 6,950 credit
- B. N6,950 debit
- C. N6,000 credit
- D. N6,000 debit
