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Question 1 of 10
Purchase of raw materials - #330,000 Closing stock of raw materials - #80,000 Direct wages - #30,000 Carriages of raw materials - #10,000 Determine the prime cost
JAMB Accounting Past Questions - Set 46
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 46 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 46 covers questions from JAMB exams (2013).
Progress0 / 10 answered
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Question 2 of 10
In manufacturing account, the work-in-progress at the end of the year is
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Question 3 of 10
Which of the following expenses relates to the profit and loss account of a manufacturing firm
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Question 4 of 10
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consist of
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Question 5 of 10
The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a
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Question 6 of 10
A partnership's internal regulations are set out by
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Question 7 of 10
In a partnership account, interest on drawings is
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Question 8 of 10
When a share valued at 50k is issued at #1.59, it is said to be issued at
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Question 9 of 10
When shares are issued at a discount, entries are to debit
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Question 10 of 10
When there is no basis of apportionment in an organization, the expenses should be apportioned based on