2001 - JAMB Accounting Past Questions and Answers - page 3

Given: Direct material N2,500 Direct labour N5,000 Direct expenses N1,000 Overhead expenses N1,500 From the data above, compute the prime cost?

Use the information below to answer question 25 and 26. Bar opening stock N10,000 Amount owed to bar suppliers at the end the beginning of the year N10,000 Bar sales N50,000 Bar credit purchases N40,000 Payment to suppliers N30,000 Bar expenses N1,000 Bar closing stock N15,000 What is the bar profits?

Use the information below to answer question 25 and 26. Bar opening stock N10,000 Amount owed to bar suppliers at the end the beginning of the year N10,000 Bar sales N50,000 Bar credit purchases N40,000 Payment to suppliers N30,000 Bar expenses N1,000 Bar closing stock N15,000 How much is owed to suppliers?

Lubricating oil and spare parts of machinery are examples of?

Use the information below to answer questions Subscription received during the year N30,000 Subscription owed last year N4,000 Subscription received for next year N6,000 The N6,000 subscription received is?

Use the information below to answer questions Subscription received during the year N30,000 Subscription owed last year N4,000 Subscription received for next year N6,000 What is the subscription to be charged to income and expenditure account?

A club received rent N10,000 and donation N30,000. It paid N6,000 for entertainment and is still owing N16,000. The balance of the payments account is?

Given: Club trading profit N12,000 Members'' subscription N15,000 Profit on sale of fixed assets N2,500 Loss on sale of investments N1,000 Wages N16,500 Other expenses N10,000 Determine the club''s excess of income over expenditure?

The excess of income over expenditure is usually transferred to the?

Partners' salaries and drawings are usually posted to the?