Jamb Accounts - Principles of Accounts 2018 Past Questions and Answers

Question 81:

• 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

what will be the price earnings ratio of the company?

A. N3.91
B. N3.19
C. N2.95
D. N2.55

Question 82:

• JAMB 2018

The partnership deed normally specifies?

A. How profits 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 83:

• JAMB 2018

The accumulated 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 84:

• JAMB 2018

	N
sales	20,000
cost of sales	10,000
operating expenses	2,500
expenses prepaid included in operating expenses	500

use the information above to answer the following question.


calculate the net profit.

A. N12,500
B. N10,000
C. N8,000
D. N7,500

Question 85:

• JAMB 2018

	N
sales	20,000
cost of sales	10,000
operating expenses	2,500
expenses prepaid included in operating expenses	500

use the information above to answer the following question.


what is the gross profit margin?

A. 100%
B. 50%
C. 40%
D. 30%