Jamb 1995 Accounts - Principles of Accounts Questions
Question 46:
If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?
View Answer & ExplanationQuestion 47:
A charitable club has the following figures:
N
Subscriptions received in 1991 2 800
Subscriptions unpaid in 1990 300
Subscriptions paid for 1992 150
Subscriptions due 1991 180
How much should be charged to the income and expenditure of this club as subscription for 1991?
View Answer & ExplanationN
Subscriptions received in 1991 2 800
Subscriptions unpaid in 1990 300
Subscriptions paid for 1992 150
Subscriptions due 1991 180
How much should be charged to the income and expenditure of this club as subscription for 1991?
Question 50:
Trade creditors account was maintained at 25% of the capital.
What was the balance in the trade creditors account as at 31/12/92?
View Answer & ExplanationWhat was the balance in the trade creditors account as at 31/12/92?