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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 76:
The current growth in the volume of trading and financial dealings in nigerian is helped by?
  • A Credit as a factor in business
  • B Payments for goods in cash
  • C Increased financial activities
  • D Government intervention
View Answer & Explanation
Question 77:
when a bill is negotiated to a bank , it is said to be?
  • A Accepted
  • B Discounted
  • C Surrendered
  • D Cashed
View Answer & Explanation
Question 78:
Bala ltd acquired the business of bello ltd and caused the separate existence of the latter company to terminate.
  • A Conversion
  • B Dissolution
  • C Merger
  • D Absorption
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Question 79:
In order to make the cash book balance equal to the bank statement, it is usually to add?
  • A Uncredited cheques
  • B Direct payments by bank
  • C Bank charged
  • D Unpresented cheques
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Question 80:
Tanko Ltd had
Earnings per share 47k
Dividends per share 30k
Per value of each share N1.20
market price per share NM1.50






The company's earnings yield is?
  • A N20.00%
  • B N25.00%
  • C N31.33%
  • D N39.17%
View Answer & Explanation