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Jamb Accounts - Principles of Accounts Past Questions and Answers

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Jamb Accounts - Principles of Accounts Past Questions

Question 881:


Given:
Determine the balance

A. 415,000 debit
B. 215,000 credit
C. 215,000 debit
D. 315,000

View Answer & Explanation

Question 882:


Given:
From the above information, the gross profit from department X is

A. N3,800
B. N2,300
C. N2,200
D. N2,000

View Answer & Explanation

Question 883:


The 5% discount shown above indicates

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

View Answer & Explanation

Question 884:


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

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

View Answer & Explanation

Question 885:


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

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

View Answer & Explanation



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