Jamb Accounts - Principles of Accounts 2000 Past Questions and Answers

Question 26:

• JAMB 2000

Use the information below to answer question
Maimalari Ltd had (i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share N1.20
(iv) Market price per share N1.50
The company's earning yield is?

A. 20.00%
B. 25.00%
C. 31.33%
D. 39.17%

Question 27:

• JAMB 2000

Use the information below to answer question Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share N1.20 (iv) Market price per share N1.50
What will be the price earnings ratio of the company?

A. 3.91
B. 3.19
C. 2.95
D. 2.55

Question 28:

• JAMB 2000

The Partnership Deed normally specifies?

A. How profit or losses are to be shared
B. The capital to be contributed annually
C. How salaries are paid to employees
D. The profit that should be earned annually

Question 29:

• JAMB 2000

The accumulation fund of a non-trading concern can equally be referred to as?

A. Members' equity
B. Share capital
C. General fund
D. Surplus fund

Question 30:

• JAMB 2000

When a purchase business is revalued, the effect is that?

A. A decrease in the value of asset has no effect on value of goodwill
B. An increase in the value of asset is treated as an increase in the value of goodwill
C. A decrease in the value of asset is treated as an decrease in the value of goodwil
D. An increase in the value of asset is treated as an decrease in the value of goodwill