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Jamb cbt 2024 Accounting Practice Likely Question & Answers

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Welcome to he best exam portal in Nigeria, Website that can help you pass your jamb without reading. Many of the students are looking for the best way of passing their jamb without  delay because once they you failed , you will need to wait for another  year that’s why most of the students are strictly need some extra that will guild them to pass the examinations.

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See also  JAMB Areas of Concentration for Agricultural Science 2024/2025 – Jamb 2024

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diagram

From the diagram, X represents

A company has departments X, Y and Z Department X occupies a space twice that of Y while Z occupies half the space of Y. If the company pays ₦70, 000 on rent, what is the amount of rent that should be allocated to Y?

Accounting – Jamb CBT

Time limit: 00:07:26
  1. Question 3 of 20

    One of the benefits of bookkeeping records is that they

    diagram

    Receipts and expenditure account is the summary of

    The items that are contained in the bought ledger control account are

    July 1 – Started business with                                 ₦10,500
    July 31 – Paid Agromachinex owing them           ₦6,000
    The double entry for July 1 would be:

    Tea and Cup are into a partnership business. Interests on drawings made by partners are at 10% per annum. Tea’s capital is ₦70000 and current balance is ₦50000. He withdrew the following amounts during the year : 3000 on 31st January , 2000 on 31st March, 4000 on 1st July, 1500 on the 30th September, 2500 on 1st November. Cup’s capital is ₦100000 and current balance is ₦40000. He made no drawings during the period. what is the closing balance in Tea’s current account

    The tier of government that uses financial memorandum is the

    The partners capital are: Modibbo ₦60,000 and Jakata ₦90,000. the partners share profit and losses in ration of their capital contributions. The net profit for the year is ₦12,000. What is Jakata’s profit sharing ratio?

    Sundry debtor = ₦20, 000
    Provision for bad debts = ₦500
    provision for bad debt at 4% of sundry debtors.

    Calculate the provision to be taken to the balance sheet.

    Use this information to answer this question.

    Oil and Burns issued to the public 1, 300, 000 ordinary shares of 75k at a price of ₦1.50k. Application and allotment were received for 900,000 shares at 25k each.

    The book value of issued share capital is 

    Cash Book
    N
    Capital 6, 600 purchases 3, 500
    Sales 3, 000 Stationery 1, 300
    Debtor 2, 500 wages 2, 700

    The owner wishes  to maintain an amount equal to 1/3 of capital as drawing.

    The cash book closing balance will be

    Cash Book
    N
    Capital 6, 600 purchases 3, 500
    Sales 3, 000 Stationery 1, 300
    Debtor 2, 500 wages 2, 700

    The owner wishes  to maintain an amount equal to 1/3 of capital as drawing.

    The cash book closing balance will be

    The basis of accounting for public sector is

    Didi Ltd offered ₦10, 000 ordinary shares of ₦1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above,

    The partners capital are: Modibbo ₦60,000 and Jakata ₦90,000. the partners share profit and losses in ration of their capital contributions. The net profit for the year is ₦12,000. What is Jakata’s profit sharing ratio?

    An accounting ratio that considers only quick assets to determine the short-term safely margin of a firm is the

    diagram

    From the diagram, the capital employed is

    Which of the following accounts for the highest revenue to Nigeria?

    The law that currently regulates the registration of companies in Nigeria is the

    The channel through which all government borrowing and domestic lending transactions pass is called

    CONCLUTION:

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