Accounts - Principles of Accounts JAMB, WAEC, NECO AND NABTEB Official Past Questions

S. Sule sets aside from his private funds ₦20.000 is referred to as

In the balance sheet, the balance on the provision for Depreciation Account shown as

Which of the following is not part of the double entry system?

A service which a firm has enjoyed, but has not yet been paid for is

A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net book value at the time of sales is

A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net profit or loss on the sale was

Credit sales was debited to A. Akpan instead of B. Akpan. This is an error of

The petty cash book has

The authorized capital of city entertainment company is made up of 200,000 2\(\frac{1}{2}\)% preference shares of Le 60 each and 300,000 ordinary shares have been issued at Le 30 each and fully paid. All the preference dividend and recommended ordinary divided Le 0.10 per share. Using the following information, the value of the ordinary share capital to be stated in the balance sheet is

The authorized capital of city entertainment company is made up of 200,000 2\(\frac{1}{2}\)% preference shares of Le 60 each and 300,000 ordinary shares have been issued at Le 30 each and fully paid. All the preference dividend and recommended ordinary divided Le 0.10 per share. Using the following information, What is the amount of the share premium?

The authorized capital of city entertainment company is made up of 200,000 2\(\frac{1}{2}\)% preference shares of Le 60 each and 300,000 ordinary shares have been issued at Le 30 each and fully paid. All the preference dividend and recommended ordinary divided Le 0.10 per share. Using the following information, what is the amount of preference dividend and recommended ordinary divided of Le 0.10 per share

In a not for profit making organization, the excess of income over expenditure is

Programs installed in computers to facilitate processing of data are

The document making a public offer for he sale of a company’s share is

The purchase of a typewriter for office use for ₦2,000 is debited to

Which of the following does not appear in a bank statement?

Cost of extension to a factory building is classified as

Which of the following is not part of factory overhead?

The total debtors account of trading concern is N13,000. out of this 2% is irrecoverable, 5% of the balance is not like to be collected. What is the provision for doubtful debts?

A three column cash book contains column for

A difference between the debit and credit totals in a trial balance is placed in