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

Topic: Final accounts of companies

Jamb Accounts - Principles of Accounts Questions - Final accounts of companies

Question 1:
Use the information below to answer question
Maimalari Ltd had (i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share N1.20
(iv) Market price per share N1.50
The company's earning yield is?
  • A 20.00%
  • B 25.00%
  • C 31.33%
  • D 39.17%
View Answer & Explanation
Question 2:
Use the information below to answer question Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share N1.20 (iv) Market price per share N1.50
What will be the price earnings ratio of the company?
  • A 3.91
  • B 3.19
  • C 2.95
  • D 2.55
View Answer & Explanation
Question 3:
A part of public company's profit belonging to the shareholders is
  • A Right issue
  • B Bonus
  • C Dividends
  • D Public issue
View Answer & Explanation