Question 86:

• JAMB 1995

THE BOOK VALUE OF THE ASSET AS AT 31/12/86 WAS

A. N 3 731 250.00
B. N 2 487 500.00
C. N 1 268 750.00
D. N1 020 000. 00

Question 87:

• JAMB 1995

Trade creditors account was maintained at 25% of the capital.
What was the balance in the trade creditors account as at 31/12/92?

A. N 29 800
B. N 29 500
C. N29 400
D. N 29 000

Question 88:

• JAMB 1995

What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with

A. N 3 000 and show wages accrued N 500 in the balance sheet
B. N2 000 and show wages accrued N500 in the balance sheet
C. N 3 000 and show wages perpaid N 500 in the balance sheet
D. N 2000 and show wages paid in advance N500 in the balace sheet

Question 89:

• JAMB 1997

The most important reason for studying accounting is that

A. The information provided by accounting is useful in making decision
B. Accounting plays an important role in the society
C. The study of Accounting leads to challeging career
D. Accounting provides gross profit information

Question 90:

• JAMB 1997

The most important reason for studying accounting is that

A. The information provided by accounting is useful in making decision
B. Accounting plays an important role in the society
C. The study of Accounting leads to challeging career
D. Accounting provides gross profit information