Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 786:

• JAMB 2010

Credit sales is given at 160% of cash received.
What is the balance c/d?
debit 64300


A. N333 000
B. N234 000
C. N343 000
D. N243 000

Question 787:

• JAMB 2010

When Your Silence Is Loud..& Your Eyes Speaking Volumes..
Calculate the value of credit sales

A. N484 000
B. N448000
C. N584 000
D. N558 000

Question 788:

• JAMB 2010

If Fatima was granted a discount of 2% what will be discount allowed?

A. N20
B. N40
C. N60
D. N4

Question 789:

• JAMB 2011

The historical development of accounting reveals that it?

A. Deals with debit and credit of items
B. Is a product of financial development
C. Is a product of its own evironmnent
D. Is an ideal subject for finacial development

Question 790:

• JAMB 2011

The historical development of accounting reveals that it?

A. Deals with debit and credit of items
B. Is a product of financial development
C. Is a product of its own evironmnent
D. Is an ideal subject for finacial development