Jamb Accounts - Principles of Accounts 2000 Past Questions and Answers

Question 6:

• JAMB 2000

what is the gross profit margin?

A. N100%
B. N50%
C. N40%
D. N30%

Question 7:

• JAMB 2000

The main objective of bookkeeping is to record economic?

A. Transactions systematically for routine managerial decision-making
B. Events clearly to ensure adequate checks and balances
C. Events clearly to facilitate strategic managerial desicion-making
D. Transaction systematically to ascertain the financial position of a business

Question 8:

• JAMB 2000

Which of the following is an example of intangible assets?

A. Trade debtors
B. Stock of goods
C. Trade creditors
D. Motor vehicles

Question 9:

• JAMB 2000

A source document that aids the ascertainment of amount paid out of current account is the?

A. Teller
B. Cheque stub
C. Cheque
D. Teller stub

Question 10:

• JAMB 2000

The most convenient cash book used by a petty trader operating in an area where there is no banking facility is?

A. Four column
B. Three column
C. Single column
D. Two column