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Jamb Accounts - Principles of Accounts Past QuestionsQuestion 1151:What is the amount of capital employed? A. ₦7000 B. ₦10000 C. ₦22000 D. ₦15000 Question 1152:Advertising expenses incurred on a product in a business organization should be charged to A. Sales department B. Production department C. Purchase department D. Administration department Question 1153:
Use the information above to answer the question : The acid test ratio in the company is___________ A. 1:1 B. 2:3 C. 1:2 D. 3:2 Question 1154:When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________ A. Price above or below the stipulated price B. Any price but not below the transfer price C. Cost price D. A price that is equal to the mark up Question 1155:The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________ A. Accountant general B. Finance minister C. Auditor general D. Permanent secretory. |
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