Jamb Accounts - Principles of Accounts 1995 Past Questions and Answers

Question 46:

• JAMB 1995

If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?

A. N 13 000
B. N 11 300
C. N 10 000
D. N 8 000

Question 47:

• JAMB 1995

A charitable club has the following figures:
N
Subscriptions received in 1991 2 800
Subscriptions unpaid in 1990 300
Subscriptions paid for 1992 150
Subscriptions due 1991 180
How much should be charged to the income and expenditure of this club as subscription for 1991?

A. N 2 530
B. N 2 680
C. N 2 830
D. N 2 980

Question 48:

• JAMB 1995

Accumulated depreciation on the asset as at 31/12/81 was

A. N 2 487 500 .00
B. N 2 736 250 . 00
C. N 4 511 192.00
D. N 4 975 000 .00

Question 49:

• 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 50:

• 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