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Accounts - Principles of Accounts Past Questions and Answers

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Jamb Accounts - Principles of Accounts Questions

Question 881:

Given:
Determine the balance

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A 415,000 debit
B 215,000 credit
C 215,000 debit
D 315,000

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Question 882:

Given:
From the above information, the gross profit from department X is

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A N3,800
B N2,300
C N2,200
D N2,000

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Question 883:

The 5% discount shown above indicates

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

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Question 884:

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 885:

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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