1995 - JAMB Accounting Past Questions and Answers - page 5
41
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
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
N390,000
B
N360,000
C
N350,000
D
N170,000
correct option: c
Users' Answers & Comments42
A government accounting systems must make sure that
A
revenue exceeds expenditure
B
all applicable legal provisions are complied with
C
capital expenditure is equal to revenue
D
capital project fund is tied to recurrent expenditure
correct option: b
Users' Answers & Comments43
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1149_1.jpg)
A
N133 000
B
N 120 000
C
N113 000
D
N 100 000
correct option: a
Users' Answers & Comments44
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1150_1.jpg)
A
N 13 000
B
N 11 300
C
N 10 000
D
N 8 000
correct option: d
Users' Answers & Comments45
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?
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?
A
N 2 530
B
N 2 680
C
N 2 830
D
N 2 980
correct option: b
Users' Answers & Comments46
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1152_1.jpg)
A
N 2 487 500 .00
B
N 2 736 250 . 00
C
N 4 511 192.00
D
N 4 975 000 .00
correct option: b
Users' Answers & Comments47
THE BOOK VALUE OF THE ASSET AS AT 31/12/86 WAS
A
N 3 731 250.00
B
N 2 487 500.00
C
N 1 268 750.00
D
N1 020 000. 00
correct option: a
Users' Answers & Comments48
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1154_1.jpg)
What was the balance in the trade creditors account as at 31/12/92?
A
N 29 800
B
N 29 500
C
N29 400
D
N 29 000
correct option: c
Users' Answers & Comments49
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1155_1.jpg)
A
N 3 000 and show wages accrued N 500 in the balance sheet
B
N2 000 and show wages accrued N500 in the balance sheet
C
N 3 000 and show wages perpaid N 500 in the balance sheet
D
N 2000 and show wages paid in advance N500 in the balace sheet
correct option: c
Users' Answers & Comments50
![](https://publicappmediaqa.s3.eu-central-1.amazonaws.com/1156_1.jpg)
A
N 3000 and show wages accrued N 500 in the balance sheet in the balance sheet
B
N 2 000 and show wages accured N500 in the balance sheet
C
N 3000 and show wages prepaid N 500 in the balance sheet
D
N 2000 and show wages paid in advance N 500 in the balance sheet
correct option: a
Users' Answers & Comments