Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 481:

• JAMB 2004

The statement of assets and liabilities in the public sector can be described as the?

A. Income and expenditure accountof government
B. Appropriation account of government
C. Balance sheet of government
D. Funds flow statement of government

Question 482:

• JAMB 2004

What is the value of the authorized share capital?

A. N500,000
B. N600,000
C. N750,000
D. N1, 200,000

Question 483:

• JAMB 2004

The value of the owner's equity is

A. N400,000
B. N900,000
C. N957,000
D. N1,357,000

Question 484:

• JAMB 2004

What is the net profit made by department S?

A. N3,600
B. N,3000
C. N2,400
D. N2,000

Question 485:

• JAMB 2004

The depreciation to be charged to department T is ?

A. N30P00
B. N400
C. 500
D. N600