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Question 1 of 10
Issue of prospectus is an invitation to the Public to
JAMB Accounting Past Questions - Set 3
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 3 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 3 covers questions from JAMB exams (2024).
Progress0 / 10 answered
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Question 2 of 10
When shares are over-subscribed, directors may decide to scale down the number of shareholding by alloting shares at ___
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Question 3 of 10
A list of all debit and credit balances from the ledger accounts are made in the
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Question 4 of 10
The net worth of a business is the
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Question 5 of 10
Prime cost consist of direct material and ___ cost
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Question 6 of 10
The amount paid by the buyer of a business which is sold as going concern is
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Question 7 of 10
The basic accounting equation is
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Question 8 of 10
The chief accounting officer of the Federation is
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Question 9 of 10
The ledger containing the accounts of debtors and creditors is
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Question 10 of 10
# Stock 1/1/09: Raw materials 2000 Work-in-progress 5000 Stock 31/12/09: Raw materials 500 Work-in-progress 4000 Raw materials purchased 18000 Direct labour 7500 Direct expenses 3000 Factory expenses 10000 The raw materials available for production is ___