1995 - JAMB Accounting Past Questions and Answers - page 5

Eko Local Government expenditure
Hospital building ---------------------- N200,000
Drugs ---------------------------------- N180,000
Hospital beds and mattresses ------------ N40,000
Doctors' and nurses' salaries ---------- N120,000
Administrative expenses ----------------- N50,000
Recurrent expenditure is

A government accounting systems must make sure that

Equity shareholders' fund is

If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?

A charitable club has the following figures:

N
Subscriptions received in 1991 2 800
Subscriptions unpaid in 1990 300
Subscriptions paid for 1992 150
Subscriptions due 1991 180

How much should be charged to the income and expenditure of this club as subscription for 1991?

Accumulated depreciation on the asset as at 31/12/81 was

THE BOOK VALUE OF THE ASSET AS AT 31/12/86 WAS

Trade creditors account was maintained at 25% of the capital.

What was the balance in the trade creditors account as at 31/12/92?

What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with

The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with