Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 1226:

• JAMB 2018

when a bill is negotiated to a bank , it is said to be?

A. Accepted
B. Discounted
C. Surrendered
D. Cashed

Question 1227:

• JAMB 2018

Bala ltd acquired the business of bello ltd and caused the separate existence of the latter company to terminate.

A. Conversion
B. Dissolution
C. Merger
D. Absorption

Question 1228:

• JAMB 2018

In order to make the cash book balance equal to the bank statement, it is usually to add?

A. Uncredited cheques
B. Direct payments by bank
C. Bank charged
D. Unpresented cheques

Question 1229:

• 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

The company's earnings yield is?

A. N20.00%
B. N25.00%
C. N31.33%
D. N39.17%

Question 1230:

• 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