Introduction to Company Accounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 36:

• JAMB 2000

Use the information below to answer question
Maimalari Ltd had (i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share N1.20
(iv) Market price per share N1.50
The company's earning yield is?

A. 20.00%
B. 25.00%
C. 31.33%
D. 39.17%

Question 37:

• JAMB 2000

Use the information below to answer question Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share N1.20 (iv) Market price per share N1.50
What will be the price earnings ratio of the company?

A. 3.91
B. 3.19
C. 2.95
D. 2.55

Question 38:

• JAMB 2000

A business is required at par when the?

A. Purchase consideration equals goodwill
B. Purchase consideration equals net value
C. Purchase consideration is greater than the net value
D. Net assets is greater than the liabilitties

Question 39:

• JAMB 2001

Use the information below to answer question.
Given:
Fixed assets N85,600
Sales N197,000
Stock N34,300
Salaries N37,000
Purchases N127,700
Share capital N120,000
Creditors N16, 050
Motor expenses N10,500
Debtors N25,000
What is the cash balance?

A. N12,095
B. N12,590
C. N12,905
D. N12,950

Question 40:

• JAMB 2001

Use the information below to answer question.
Given:
Fixed assets N85,600
Sales N197,000
Stock N34,300
Salaries N37,000
Purchases N127,700
Share capital N120,000
Creditors N16, 050
Motor expenses N10,500
Debtors N25,000
Determine the total of the trial balance?

A. N335,050
B. N333,050
C. N323,050
D. N230,550