Jamb Accounts - Principles of Accounts Questions - Nature and Significance of Book keeping and Accounting
Question 131:
Use the information above to answer the question
Calculate the net profit.
- A N35,000
- B N40,000
- C N105,000
- D N115,000
Question 132:
Accounting information seeks to provide
- A Permanent records for all transactions
- B Analysis of accounts to trade debtors
- C Audited reports on the accounts of a company
- D Data about the employees of a company
Question 133:
Accounting information seeks to provide
- A Permanent records for all transactions
- B Analysis of accounts to trade debtors
- C Audited reports on the accounts of a company
- D Data about the employees of a company
Question 134:
Which of the following items is a capital expenditure?
- A Maintenance of office machine
- B Purchase of office stationery
- C Carriage inwards
- D Purchase of office machinery
Question 135:
The objective of departmental account is to
- A Ascertain the cost of running the organization
- B Ascertain the amount of profit or loss for each department
- C Ascertain the amount of profits for losses for the enterprises
- D Offset the loss of each treatment