Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 781:

• JAMB 2010

An ordinary share of N80 was issued at N96. The share was issued at?

A. Premium
B. Par
C. Discount
D. Loss

Question 782:

• JAMB 2010

An increase in government expenditure within a year is taken care of by means of?

A. Financial regulations
B. Virement
C. Warrant
D. Supplementary estimate

Question 783:

• JAMB 2010

As evidence of payments to a government ministry, the revenue collectors will issue?

A. Treasury receipt
B. Receipts vourcher card
C. Treasury card
D. Stores receipts vourcher

Question 784:

• JAMB 2010

How much rent is apportioned to department K?

A. N1200
B. N1800
C. N2000
D. N750

Question 785:

• JAMB 2010

How much selling and distribution expenses is apportioned to department M?

A. N 800
B. N 600
C. N400
D. N1800