2001 - JAMB Accounting Past Questions and Answers - page 5

The correct entry to reflect the receipt of cash sent by a branch to a head office is?

The officer responsible for ascertaining whether all public expenditure and appropriation are in line with approved guidelines is the?

Use the information below to answer question Given: 31/12/98 31/12/99 Assets: Plant and Mach. N1,500 N1,200 Fixtures N700 N520 Stock N500 N600 Debtors N900 N400 Cash N200 N300 Liabilities: Creditor N500 N600 Loan N600 N400 What is the capital from the opening balance sheet?

Given: Authorized Capital: N 100,000 ordinary shares of N 1 eash Issued and fully paid: 50,000 ordinary shares of N 1 each 50,000 10, 000 8% perference shares of N 1 each Reserves 10,000 Creditors 25,000 Debtors 13 000 Cash in hand 5000 Determine the net current assets

» Given: Authorized Capital: N 100,000 ordinary shares of N 1 eash Issued and fully paid: 50,000 ordinary shares of N 1 each 50,000 10, 000 8% perference shares of N 1 each Reserves 10,000 Creditors 25,000 Debtors 13 000 Cash in hand 5000 Calculate the shareholders fund

Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Cash 2,000 Investments 3,000 Accounts receivable 6,000 11,000 Fund balance 11,000 11,000 Assuming all the investments realized N4m, what will be the endig fund balance?

» Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Cash 2,000 Investments 3,000 Accounts receivable 6,000 11,000 Fund balance 11,000 11,000 If only 1/2 of the investments is sold for N2m and N5m realized from the accounts receivable what will be the balance of the fund?

Given: N N Capital 200,000 total assets 210,000 Liabilities 10,000 210,000 210,000 If the business is purchased at a price including a goodwill of N 20,000, what must have been the purchas price?

WHAT IS THE STOCK VALUATION METHOD USED?

The value of x is