Jamb Accounts - Principles of Accounts 2006 Past Questions and Answers

Question 46:

• JAMB 2006

What was the bank balance at the end of the month?

A. N7 000
B. N6 500
C. N 7 500
D. N 9 000

Question 47:

• JAMB 2006

The value of Y is

A. N11 500
B. N 8 500
C. N13000
D. N10000

Question 48:

• JAMB 2006

X represents

A. Bank charges
B. An unpresented cheque
C. Dividends
D. An uncredited cheque

Question 49:

• JAMB 2006

Assuming the closing stock was valued at N19 000 at the end of November, what was the gross profit?

A. N30 000
B. N50 000
C. N70 000
D. N100 000