JAMB Accounting Past Questions & Answers - Page 196

In converting a to a partnership company, the loss on asset revaluation is?

MPOBA Club's annual donations from members amount to 112% of its internally generated revenue from the following.

Sales of drinks...................N212,500
Annual dues.......................N112,000

How much is the total receipt of the club?

Boro Limited apportion 1/6 of its rent for factory and 10% of the balance for warehouse. If rent paid is N48 600, how much is paid for warehouse?

Given:

Subscriptions received.........N200,000
Subscriptions owed.............N10,000
Subscriptions in advance.......N25,000

Calculate the subscription in the income and expenditure account?

Given:
....................January.............December
Assets................N28,320.............N25,320
Creditors.............N5,620..............N10,320

The proprietor made drawings of N755 per month for personal use.

The profit for the period is?