1
Question 1 of 10
What is the value of stock as at the end of July 10 using FIFO?
JAMB Accounting Past Questions - Set 53
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 53 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 53 covers questions from JAMB exams (2011).
Progress0 / 10 answered
2
Question 2 of 10
A typical example of a real account is?
3
Question 3 of 10
The control accounting can be used in?
4
Question 4 of 10
Use the information below to answer questions 23 and 24. Incomplete Record (Extract) Sales......................................N10,600 Rent...........................N200 Depreciation of vehicle (cost N5000) 10% Gross profit margin is 20% What is the cost of goods sold?
5
Question 5 of 10
Calculate the net profit?
6
Question 6 of 10
The cost that are directly traceable to the the goods being produced is?
7
Question 7 of 10
The product cost that does not form part of the product but is incidental to product and facilitates the production activities is the?
8
Question 8 of 10
Work-in-progress is the?
9
Question 9 of 10
The major festure of not-for-profit-making-organization is that they are formed?
10
Question 10 of 10
The subscription paid in advance is treated in the balance sheet of a club as?