JAMB Accounting Past Questions & Answers - Page 170

The floor space occupied by manufacturing and administration departments in a company is 200 sqm and 300 sqm respectively. N20 000 rent incurred is shared using floor space occupied. How much is the rent chargeable to manufacturing?

 

.........................31 Dec. 05........31 Dec. 06

Total fixed assets.........N7,800............N6,600
Total current assets.......N12,100............N17800
Total current liabilities..N4,700............N3,800

Drawings for 2006 is N5,200.

What is the net profit for 2006?

.........................31 Dec. 05........31 Dec. 06

Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800

Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31, 2005?

Discount allowed as represented in the control account appears on the

Which of the following is a credit item in creditors ledger control account?