2021 - JAMB Accounting Past Questions and Answers - page 1

Sales ledger control account contains the total amount in respect of

Which of the following stock valuation method is suitable under inflationary conditions?

The ordinary shareholders enjoy the following right except the right to

Capital and revenue expenditures of government are usually accounted for under funds which include

Given:

Determine the total factory overhead cost

The excess of income over expenditure is usually transferred to the

In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover

Given:
                                                                  ₦
Total debtors b/d 31/12/99                    25,000
Cheques received from debtors         255,000
Total debtors c/d 31/12/00                    15,000

Calculate the sales figure

Use the information below to answer the question

It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.

What is the net profit made by department A?

Use the information below to answer the question

It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.

The depreciation to be charged to department B is