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Question 12 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 13 000 
B
N 11 300 
C
N 10 000 
D
N 8 000 
Explanation.
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Correct Option:
D
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Question 13 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 2 530 
B
N 2 680 
C
N 2 830 
D
N 2 980 
Explanation.
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Correct Option:
B
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Question 14 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 2 487 500 .00 
B
N 2 736 250 . 00 
C
N 4 511 192.00 
D
N 4 975 000 .00 
Explanation.
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Correct Option:
B
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Question 15 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 3 731 250.00 
B
N 2 487 500.00 
C
N 1 268 750.00 
D
N1 020 000. 00 
Explanation.
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Correct Option:
A
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Question 16 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 29 800 
B
N 29 500 
C
N29 400 
D
N 29 000 
Explanation.
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Correct Option:
C
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Question 17 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 3 000 and show wages accrued N 500 in the balance sheet 
B
N2 000 and show wages accrued N500 in the balance sheet 
C
N 3 000 and show wages perpaid N 500 in the balance sheet 
D
N 2000 and show wages paid in advance N500 in the balace sheet 
Explanation.
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Correct Option:
C
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Question 18 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N 3000 and show wages accrued N 500 in the balance sheet in the balance sheet 
B
N 2 000 and show wages accured N500 in the balance sheet 
C
N 3000 and show wages prepaid N 500 in the balance sheet 
D
N 2000 and show wages paid in advance N 500 in the balance sheet 
Explanation.
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Correct Option:
A
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Question 19 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
N88 500 debit 
B
N 88 500 credit 
C
N 59 410 credit 
D
N 59 410 debit 
Explanation.
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Correct Option:
C
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Question 20 Principles of Accounts | JAMB/UTME (2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000)
A
the general ledger 
B
the purchases day book and sales day book 
C
the nature of trading activities and the basis on which goods are sold 
D
the asset register together with the depreciation schedule 
Explanation.
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Correct Option:
C
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