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Question 1 of 10
Use the information below to answer questions Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad debt at 4% of sundry debtors. Calculate the provision to be taken to the balance sheet?
JAMB Accounting Past Questions - Set 57
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 57 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 57 covers questions from JAMB exams (2010).
Progress0 / 10 answered
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Question 2 of 10
If an organization maintains a periodic stock system, the stock quantities are?
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Question 3 of 10
Use the information below to answer questions 25 and 26. ........................31/12/08...........31/12/09 Furniture and fittings..N21 000,............N28 000 Office equipment........N9 800,.............N13 200 Debtors.................N6 800,.............N5 200 Creditors...............N4 900,.............N5 100 Cash at bank............N7 000,.............N4 600 Accrued electricity bills...................N1 200 Monthly drawings average N330. Find the opening capital?
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Question 4 of 10
Use the information below to answer questions ........................31/12/08...........31/12/09 Furniture and fittings..N21 000,............N28 000 Office equipment........N9 800,.............N13 200 Debtors.................N6 800,.............N5 200 Creditors...............N4 900,.............N5 100 Cash at bank............N7 000,.............N4 600 Accrued electricity bills...................N1 200 Monthly drawings average N330. Determine the net profit ?
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Question 5 of 10
The gross loss on manufacturing is always transferred to the?
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Question 6 of 10
The depreciation on a motor vehicle that is being used for manufacturing and administration is charged to the?
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Question 7 of 10
The prime cost is the total of the?
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Question 8 of 10
In the not-for-profit-making organization, the excess of income over expenditure is?
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Question 9 of 10
The equivalent of a club's receipts and payment account is the?
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Question 10 of 10
The summary of receipts and payments account represent?