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Thursday, 01 October 2026
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Accounts - Principles of Accounts Past Questions and Answers

Topic: Stock Valuation

Jamb Accounts - Principles of Accounts Questions - Stock Valuation

Question 6:
What was the cost of materials available for use during the period?
  • A N487,100
  • B N449,500
  • C N448,500
  • D N440,300
View Answer & Explanation
Question 7:
The market price per ordinary share of a corporation listed on the stock exchange is most closely related to its?
  • A Earning per share
  • B Redemption price per share
  • C Book value per share
  • D Call price per share
View Answer & Explanation
Question 8:
Use information below to answer this question.
Capital: opening balance 307,000
closing balance 342,000
Net profit for the period 121,600
Opening stock 98,800
Purchases 706,000
Carriage inwards 17,500
Cost of goods sold 740,700
Total selling , general and
administration expenses 526,000
Discount received 9, 650
What is the closing stock for the period?
  • A N 69,300
  • B N81,300
  • C N81,600
  • D N106,400
View Answer & Explanation
Question 9:
Use information below to answer this question.
Capital: opening balance 307,000
closing balance 342,000
Net profit for the period 121,600
Opening stock 98,800
Purchases 706,000
Carriage inwards 17,500
Cost of goods sold 740,700
Total selling , general and
administration expenses 526,000
Discount received 9, 650
Calculate the gross profit for the period?
  • A N 535,650
  • B N628,300
  • C N637,950
  • D N647,600
View Answer & Explanation
Question 10:
In a manufacturing company, the total cost of goods produced is equivalent to?
  • A Purchases
  • B Sales
  • C Cost of goods sold
  • D Cost of materials used
View Answer & Explanation