2006 - JAMB Accounting Past Questions and Answers - page 5
41
A company has departments S,T and U. The sales are N20 000,20 000, N40 000 AND N60 000 respectively if the sales commission paid is N12 000, how much is T's share?
A
N8000
B
N2000
C
N4000
D
N6000
42
Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of
A
N4000
B
N6000
C
N10000
D
N8000
43
Which of the following is a journal as well as a ledger?
A
Nominal ledger
B
Sales day book
C
General ledger
D
cash book
44
The cash balance at end of the month was
A
N1 600
B
N4 100
C
N 6 600
D
N6 100
45
A
N7 000
B
N6 500
C
N 7 500
D
N 9 000
47
A
bank charges
B
an unpresented cheque
C
dividends
D
an uncredited cheque
48
A
N30 000
B
N50 000
C
N70 000
D
N100 000
49
A
N2 000
B
N2500
C
N4000
D
N35000
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