JAMB Accounting Past Questions & Answers - Page 205

1,021.

The movement of goods from head office to a branch is treated in the in the head office accounts as?

A.

Sales

B.

Issue

C.

Purchase

D.

Requisition

Correct answer is C

No explanation has been provided for this answer.

1,023.

Departmental accounts are prepared to aid the comparison of the?

A.

Previous year's transactions

B.

Daily profits

C.

Workers' performances

D.

Management performances

Correct answer is C

No explanation has been provided for this answer.

1,024.

Gamji Memorial Club carried out an activity which yield a profit of N10,000. This amount is to be transferred to the?

A.

Debit side of its profit and loss account

B.

Credit side of its profit and loss account

C.

Debit side of its income and expenditure account

D.

Credit side of its income and expenditure account

Correct answer is D

No explanation has been provided for this answer.

1,025.

The not-for-profit-making organizations generate their income mainly from?

A.

Bar sales

B.

Subscriptions

C.

Rents

D.

Pools

Correct answer is B

No explanation has been provided for this answer.