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• # Difficult Questions from Account JAMB 2014

Principle of Account

23-01-2016 16:41:00 +0000

The questions below presented a challenge for most of the students that attempted them. Lets all attempt to answer them.

Question 38) Hussaina enterprises sent goods worth ₦800,000 at cost plus mark-up of 25% to its branch
What is the cost price of the goods sent to the branch?
A. ₦600,000
B. ₦620,000
C. ₦640,000
D. ₦700,000

Question 47) Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of ₦1.50k. Application and allotment were recieved for 900,000 shares at 25k each.
Determine the amount received on application and allotment.
A. ₦224,950
B. ₦225,000
C. ₦324,950
D. ₦325,000

Question 12) Petty cash book records transactions on
A. the debit side only
B. the credit side only
C. both credit and debit sides
D. reversed entry

• Ajayi Emmanuel

B

5 23-01-2016 16:43:00 +0000

• Samuel akintunde

12:c 38:b

5 24-01-2016 12:55:00 +0000

• Peter Simon

1=A 2=B 3=C

5 24-01-2016 16:39:00 +0000

• Richard Dotman

12=D

5 24-01-2016 18:00:00 +0000

• Samuel nansel

biology

5 25-01-2016 14:13:00 +0000

• Yunusa Umar

38 b

5 26-01-2016 09:37:00 +0000

• Yunusa Umar

47 b

5 26-01-2016 09:37:00 +0000

• Yunusa Umar

12 d

5 26-01-2016 09:38:00 +0000

• Nababa Abdulmatin

38 A

5 26-01-2016 14:54:00 +0000

• Nababa Abdulmatin

47 B

5 26-01-2016 14:57:00 +0000