JAMB Accounting Past Questions & Answers - Page 243

1,212.

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would be?

A.

N2,241

B.

N2,214

C.

N2,141

D.

N2,114

Correct answer is C

No explanation has been provided for this answer.

1,213.

The main objective of accounting report is to provide information about?

A.

A company's shareholding

B.

An entity's management

C.

The efficacy of assets

D.

A company's economic resources

Correct answer is B

No explanation has been provided for this answer.

1,214.

Cost accounting entails the provision of information?

A.

For investment purposes

B.

For descision making

C.

To shareholders

D.

To stockholders

Correct answer is B

No explanation has been provided for this answer.

1,215.

The current growth in the volume of trading and financial dealings in Nigeria is helped by?

A.

Increased financial activities

B.

Government intervention

C.

Credit as a factor in business

D.

Payment for goods in cash

Correct answer is A

No explanation has been provided for this answer.