Accounting JAMB - Page 64 of 151

What is the amount of rent that should be allocated to Y?

A company has departments X, Y and Z. Department X occupies a space of Y while Z occupies half the space of Y. If the company pays N70 000 on rent, what is the amount of rent that should be allocated to Y? A. N30 000 B. N40 000 C. N20 000 D. N10 000 Correct Answer:...

Goods worth N300 was transferred from department Q to P Similarly, P’s total expenses for the period was N200. Department P’s net profit was?

by Sunday | Dec 5 | Accounting JAMB

A. N5 200 B. N3000 C. N2800 D. N2 500 Correct Answer: Option D – N2 500

Goods worth N300 was transferred from department Q to P Similarly, P’s total expenses for the period was N200. What was department Q’s gross profit?

by Sunday | Dec 5 | Accounting JAMB

A. N2 500 B. N2 300 C. N 2 200 D. N1700 Correct Answer: Option B – N2 300

Which of the following is true of Uju Nig. Ltd?

by Sunday | Dec 5 | Accounting JAMB

A. It is a highly geared company B. It has no liquidity problem in the short term C. It is adequately secured in fixed assets D. It’s working capital is zero Correct Answer: Option D – It’s working capital is...