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Question 1 of 10
What is the Gross Profit on percentage of sale?
JAMB Accounting Past Questions - Set 21
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 21 quiz contains 10 multiple choice questions designed to help you revise and test your Financial Accounting knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!
Description
Practice with real JAMB/WAEC Accounting past questions. Test your knowledge of bookkeeping, financial statements, and accounting principles. Set 21 covers questions from JAMB exams (2019).
Progress0 / 10 answered
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Question 2 of 10
Calculate the net profit on percentage of expenses.
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Question 3 of 10
Mr Ojo gives you the following information on 31st July 2017 Opening Stock 7,000 Closing Stock 12,000 Purchases 60,000 Expenses 4,500 Uniform margin of 33 \(\frac{1}{3}\) % You are required to calculate the sales
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Question 4 of 10
The company's paid-up capital is
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Question 5 of 10
The Unissued capital of the company is
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Question 6 of 10
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corporation tax ₦2,500, Profit and loss ₦28,200, Interim ordinary dividend ₦4,050, Goodwill 20,50 provide for preference Dividend ₦2100 and Final ordinary Dividend of 5% and also write off Goodwill at ₦1500. The retained profit in the Appropriation account is
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Question 7 of 10
Retained profits is an example of
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Question 8 of 10
Sam's share of profit is
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Question 9 of 10
The rate of interest on capital for Ade is
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Question 10 of 10
Calculate the subscriptions in the Income and expenditure account