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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 481:
The statement of assets and liabilities in the public sector can be described as the?
  • A Income and expenditure accountof government
  • B Appropriation account of government
  • C Balance sheet of government
  • D Funds flow statement of government
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Question 482:
What is the value of the authorized share capital?
  • A N500,000
  • B N600,000
  • C N750,000
  • D N1, 200,000
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Question 483:
The value of the owner's equity is
  • A N400,000
  • B N900,000
  • C N957,000
  • D N1,357,000
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Question 484:
What is the net profit made by department S?
  • A N3,600
  • B N,3000
  • C N2,400
  • D N2,000
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Question 485:
The depreciation to be charged to department T is ?
  • A N30P00
  • B N400
  • C 500
  • D N600
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