Jamb Accounts - Principles of Accounts 2004 Past Questions and Answers

Question 46:

• JAMB 2004

What is the net profit made by department S?

A. N3,600
B. N,3000
C. N2,400
D. N2,000

Question 47:

• JAMB 2004

The depreciation to be charged to department T is ?

A. N30P00
B. N400
C. 500
D. N600

Question 48:

• JAMB 2004

The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The amount withdrawn is

A. N2,100
B. N2,200
C. N4,400
D. N6,400

Question 49:

• JAMB 2004

The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The cash book closing balance will be

A. N900
B. N2,400
C. N4,200
D. N4,600

Question 50:

• JAMB 2004

WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD?

A. N60
B. N61
C. N62
D. N64