2012 - JAMB Accounting Past Questions and Answers - page 5
41
The Petroleum Technology Development Fund is under the
A
general fund
B
contingency fund
C
trust fund
D
capital fund
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42
The power to appoint the Auditor General of the Federation is vested in the
A
National Assembly
B
President
C
Judicial Service Commission
D
Civil Service Commission
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43
Determine the balance
A
415,000 debit
B
215,000 credit
C
215,000 debit
D
315,000
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44
From the above information, the gross profit fro department X is
A
N3,800
B
N2,300
C
N2,200
D
N2,000
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45
A
N15,300
B
N17,500
C
N28,400
D
N31,600
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46
A
trade discount
B
cash discount
C
discount allowed
D
discount received
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47
Find the gross profit.
A
N370,000
B
N230,000
C
N150,000
D
N140,000
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48
Calculate the net profit.
A
N35,000
B
N40,000
C
N105,000
D
N115,000
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49
A
N 6,950 credit
B
N6,950 debit
C
N6,000 credit
D
N6,000 debit
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