JAMB Accounting Past Questions & Answers - Page 182

.........................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?

The main purpose of control account is to?