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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 46:

The 5% discount shown above indicates

SchoolNGR Classroom

A Trade discount
B Cash discount
C Discount allowed
D Discount received

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Question 47:

Use the information above to answer the question
Find the gross profit.

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A N370,000
B N230,000
C N150,000
D N140,000

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Question 48:

Use the information above to answer the question
Calculate the net profit.

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A N35,000
B N40,000
C N105,000
D N115,000

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