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Jamb Accounts - Principles of Accounts 2012 Past Questions and Answers

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Jamb 2012 Accounts - Principles of Accounts Past Questions

Question 46:


The 5% discount shown above indicates

A. Trade discount
B. Cash discount
C. Discount allowed
D. Discount received


Question 47:


Use the information above to answer the question
Find the gross profit.

A. N370,000
B. N230,000
C. N150,000
D. N140,000


Question 48:


Use the information above to answer the question
Calculate the net profit.

A. N35,000
B. N40,000
C. N105,000
D. N115,000






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