Determine the value of closing stock using the LIFO method
N2,000
N2500
N4000
N35000
Correct answer is A
No explanation has been provided for this answer.
Assuming the closing stock was valued at N19,000 at the end of November, what was the gross profit?
N30,000
N50,000
N70,000
N100,000
Correct answer is B
No explanation has been provided for this answer.
Bank charges
An unpresented cheque
Dividends
An uncredited cheque
Correct answer is A
No explanation has been provided for this answer.
N11,500
N8,500
N13,000
N10,000
Correct answer is B
No explanation has been provided for this answer.
What was the bank balance at the end of the month?
N7,000
N6,500
N7,500
N9,000
Correct answer is A
No explanation has been provided for this answer.
JAMB Subjects
Aptitude Tests