Jamb Accounts - Principles of Accounts 2018 Past Questions and Answers

Question 76:

• JAMB 2018

The current growth in the volume of trading and financial dealings in nigerian is helped by?

A. Credit as a factor in business
B. Payments for goods in cash
C. Increased financial activities
D. Government intervention

Question 77:

• JAMB 2018

when a bill is negotiated to a bank , it is said to be?

A. Accepted
B. Discounted
C. Surrendered
D. Cashed

Question 78:

• JAMB 2018

Bala ltd acquired the business of bello ltd and caused the separate existence of the latter company to terminate.

A. Conversion
B. Dissolution
C. Merger
D. Absorption

Question 79:

• JAMB 2018

In order to make the cash book balance equal to the bank statement, it is usually to add?

A. Uncredited cheques
B. Direct payments by bank
C. Bank charged
D. Unpresented cheques

Question 80:

• JAMB 2018

Tanko Ltd had

Earnings per share 47k

Dividends per share 30k

Per value of each share N1.20

market price per share NM1.50

The company's earnings yield is?

A. N20.00%
B. N25.00%
C. N31.33%
D. N39.17%