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A company incurred N21 000 in running its four departments, namely J,K,L and M with a corresponding number of employees as 1500, 2000, 3000 and 500 respectively. What is the share of department K?
AN9000
BN6000
CN4500
DN1500
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Question 1032
jamb2005
Departmental accounts are prepared to aid the comparison of the?
Aprevious year's transactions
Bdaily profits
Cworkers' performances
Dmanagement performances
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Question 1033
jamb2005
Gamji Memorial Club carried out an activity which yield a profit of N10 000. This amount is to be transferred to the?
Adebit side of its profit and loss account
Bcredit side of its profit and loss account
Cdebit side of its income and expenditure account
Dcredit side of its income and expenditure account
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Question 1034
jamb2005
The not-for-profit-making organizations generate their income mainly from?
subscription.....................N5420
Canopy rent......................N400
Wages............................N1100
Post-ages........................N300
loss from bar....................N160
Purchases of new furniture.......N120
Premises.........................N4000
Furniture at the beginning.......N1120
What is the cash balance in the receipts and payments account?
Use the information below to answer questions 25 and26.
Zazzau Company:
Cash in hand................N50
Cash in bank................N1 250
Stock.......................N4 880
Furniture...................N9 60
Building....................N5 500
Debtor......................N1 750
Creditors...................N2 150
Drawings of N125 were made by the shareholders of the company.
They company's net current assets amount to?
AN5 780
BN5 70
CN6 580
DN7 930
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Question 1043
jamb2005
Use the information below to answer questions
Zazzau Company:
Cash in hand................N50
Cash in bank................N1 250
Stock.......................N4 880
Furniture...................N9 60
Building....................N5 500
Debtor......................N1 750
Creditors...................N2 150
Drawings of N125 were made by the shareholders of the company.
The capital of the company stands at?
AN12 240
BN12 115
CN2 510
DN2 150
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Question 1044
jamb2005
If the assets and liabilities of a firm were valued at N17,200 and N5,120 respectively, the capital of the firm would be?
AN22 320
BN17 200
CN12 080
D5 120
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Question 1045
jamb2005
Which of the following item is found on the credit side of the sales ledger control account?
ADiscount received
BDishonoured cheques
CCredit sals
DBills receivable
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Question 1046
jamb2005
Given:
purchases ledger balance..............N4000
purchases for the period..............N50000
Cash refunded by suppliers............N290
Cheques paid to suppliers..............N42300
Returns outwards.......................N2000
Discount received from suppliers.......N400
The balance of the purchases ledger control account is?
AN10390
BN9990
CN9590
DN9010
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Question 1047
jamb2005
The item that are contained in the bought ledger control account are?
Adiscount allowed, bad debts and purchases
Bdishonoured cheques, returns inwards and sales
Creturns outwards, bad debts outewards and sales
Ddiscount received, returns outwards and purchases
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Question 1048
jamb2005
Use the information to answer question .
A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500.
The net book value of the piece of equipment at the time of sale was?
AN96 000
BN48 000
CN36 000
DN24 000
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Question 1049
jamb2005
Use the information to answer question .
A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500.
The accumulated depreciation provision at the time of sale was?
AN12 000
BN60 000
CN72 000
DN84 000
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Question 1050
jamb2005
Goods withdraw from business for private use are credited to?
