1
Question 1 of 10
The Akachala Limited has four department W, X Y and Z. The profits or loss of the departments were N20 000 loss, X N25 profit, Y were N30 000 loss and Z N1800 profit. How much is the net profit or loss of the company?
JAMB Accounting Past Questions - Set 58
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 58 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 58 covers questions from JAMB exams (2010).
Progress0 / 10 answered
2
Question 2 of 10
If goods were returned to branch by the customers, the correct posting for this transaction is to debit?
3
Question 3 of 10
The branch expenses paid by the head office is recorded in the books by debiting branch?
4
Question 4 of 10
Goods returned to branch by customers is recorded in the head office books be debiting?
5
Question 5 of 10
Which of the following is mostly used in treating partners' current earnings?
6
Question 6 of 10
The salary of a partner is usually debited to the?
7
Question 7 of 10
The interest on partners' loans is?
8
Question 8 of 10
The capital contribution by the partners is treated in the?
9
Question 9 of 10
Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 each Capital reserves N2 700 000 Long-term liabilities N4 000 000 Find the value of authorized share capital?
10
Question 10 of 10
The directors' salaries paid are items of?