2013 - JAMB Accounting Past Questions and Answers - page 5
The objective of departmental account is to
Which of the following is the capital reserve of a company
Given:
Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;
On application 46k
On allotment 20k
1st Call 15k
2nd Call 19k
How much is to be paid for application?
The issued share capital is the number of shares that are
The distributable profit available to shareholders at the end of each year is the
The debenture issued at par above the nominal value is said to be issued at a
Accountant-general of the federation is responsible for
Given:
Assets and Liabilities of a Local Government
Bank balance #6,484,000
Cash # 900,000
General revenue balances #9,774,500
Accrued salaries #1,220,000
Investment in shares #1,480,000
Vehicles #7,620,000
Calculate the liabilities of the local government
An instrument which allows public officers to increase expenditure within a year is