2004 Jamb Accounting | Campusflava https://campusflava.com Tutors, Past Questions and Projects. Fri, 01 Jan 2021 16:35:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.3 https://i0.wp.com/campusflava.com/wp-content/uploads/2023/01/cropped-CF.png?fit=32%2C32&ssl=1 2004 Jamb Accounting | Campusflava https://campusflava.com 32 32 123014824 Based on the FIFO method of valuation the total cost of the raw materials issued is https://campusflava.com/blog/based-on-the-fifo-method-of-valuation-the-total-cost-of-the-raw-materials-issued-is/ https://campusflava.com/blog/based-on-the-fifo-method-of-valuation-the-total-cost-of-the-raw-materials-issued-is/#respond Fri, 01 Jan 2021 16:29:38 +0000 https://campusflava.com/blog/based-on-the-fifo-method-of-valuation-the-total-cost-of-the-raw-materials-issued-is/ Based on the FIFO method of valuation the total cost of the raw materials issued is A N150 B N160 C N240 D N250 Answer is C

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Based on the FIFO method of valuation the total cost of the raw materials issued is

A N150

B N160

C N240

D N250

Answer is C

The post Based on the FIFO method of valuation the total cost of the raw materials issued is first appeared on Campusflava.]]> https://campusflava.com/blog/based-on-the-fifo-method-of-valuation-the-total-cost-of-the-raw-materials-issued-is/feed/ 0 39801 WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD? https://campusflava.com/blog/what-is-the-value-of-raw-materials-issued-on-may-17th-based-on-the-lifo-method/ https://campusflava.com/blog/what-is-the-value-of-raw-materials-issued-on-may-17th-based-on-the-lifo-method/#respond Fri, 01 Jan 2021 16:28:47 +0000 https://campusflava.com/?p=39798 WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD? A N60 B N61 C N62 D N64 Answer is D  

The post WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD? first appeared on Campusflava.]]>

WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD?

A N60

B N61

C N62

D N64

Answer is D

 

The post WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD? first appeared on Campusflava.]]> https://campusflava.com/blog/what-is-the-value-of-raw-materials-issued-on-may-17th-based-on-the-lifo-method/feed/ 0 39798 The owner wishes to maintain an amount equal to 1/3 of capital as drawings. The cash book closing balance will be https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-1-3-of-capital-as-drawings-the-cash-book-closing-balance-will-be/ https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-1-3-of-capital-as-drawings-the-cash-book-closing-balance-will-be/#respond Fri, 01 Jan 2021 16:27:46 +0000 https://campusflava.com/?p=39796 The owner wishes to maintain an amount equal to 1/3 of capital as drawings. The cash book closing balance will be A N900 B N2,400 C N4,200 D N4,600 Answer is B

The post The owner wishes to maintain an amount equal to 1/3 of capital as drawings. The cash book closing balance will be first appeared on Campusflava.]]>
The owner wishes to maintain an amount equal to 1/3 of capital as drawings.

The cash book closing balance will be

A N900
B N2,400
C N4,200
D N4,600
Answer is B
The post The owner wishes to maintain an amount equal to 1/3 of capital as drawings. The cash book closing balance will be first appeared on Campusflava.]]> https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-1-3-of-capital-as-drawings-the-cash-book-closing-balance-will-be/feed/ 0 39796 The owner wishes to maintain an amount equal to 13 of capital as drawings. The amount withdrawn is https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-13-of-capital-as-drawings-the-amount-withdrawn-is/ https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-13-of-capital-as-drawings-the-amount-withdrawn-is/#respond Fri, 01 Jan 2021 16:25:40 +0000 https://campusflava.com/?p=39792 The owner wishes to maintain an amount equal to 13 of capital as drawings. The amount withdrawn is A N2,100 B N2,200 C N4,400 D N6,400 Answer is B

The post The owner wishes to maintain an amount equal to 13 of capital as drawings. The amount withdrawn is first appeared on Campusflava.]]>
The owner wishes to maintain an amount equal to 13 of capital as drawings.

The amount withdrawn is

A N2,100
B N2,200
C N4,400
D N6,400
Answer is B
The post The owner wishes to maintain an amount equal to 13 of capital as drawings. The amount withdrawn is first appeared on Campusflava.]]> https://campusflava.com/blog/the-owner-wishes-to-maintain-an-amount-equal-to-13-of-capital-as-drawings-the-amount-withdrawn-is/feed/ 0 39792 The depreciation to be charged to department T is ? https://campusflava.com/blog/the-depreciation-to-be-charged-to-department-t-is/ https://campusflava.com/blog/the-depreciation-to-be-charged-to-department-t-is/#respond Fri, 01 Jan 2021 16:20:28 +0000 https://campusflava.com/?p=39788 The depreciation to be charged to department T is ? A N30P00 B N400 C 500 D N600 Answer is B

The post The depreciation to be charged to department T is ? first appeared on Campusflava.]]>

The depreciation to be charged to department T is ?

A N30P00

B N400

C 500

D N600

Answer is B

The post The depreciation to be charged to department T is ? first appeared on Campusflava.]]> https://campusflava.com/blog/the-depreciation-to-be-charged-to-department-t-is/feed/ 0 39788 What is the net profit made by department S? https://campusflava.com/blog/what-is-the-net-profit-made-by-department-s/ https://campusflava.com/blog/what-is-the-net-profit-made-by-department-s/#respond Fri, 01 Jan 2021 16:19:03 +0000 https://campusflava.com/blog/what-is-the-net-profit-made-by-department-s/ What is the net profit made by department S? A N3,600 B N,3000 C N2,400 D N2,000 Answer is C

The post What is the net profit made by department S? first appeared on Campusflava.]]> What is the net profit made by department S?

A N3,600

B N,3000

C N2,400

D N2,000

Answer is C

The post What is the net profit made by department S? first appeared on Campusflava.]]> https://campusflava.com/blog/what-is-the-net-profit-made-by-department-s/feed/ 0 39787 The value of the owner’s equity is https://campusflava.com/blog/the-value-of-the-owners-equity-is/ https://campusflava.com/blog/the-value-of-the-owners-equity-is/#respond Fri, 01 Jan 2021 16:18:44 +0000 https://campusflava.com/blog/the-value-of-the-owners-equity-is/ The value of the owner’s equity is A N400,000 B N900,000 C N957,000 D N1,357,000 Answer is C

The post The value of the owner’s equity is first appeared on Campusflava.]]> The value of the owner’s equity is

A N400,000

B N900,000

C N957,000

D N1,357,000

Answer is C

The post The value of the owner’s equity is first appeared on Campusflava.]]> https://campusflava.com/blog/the-value-of-the-owners-equity-is/feed/ 0 39786 What is the value of the authorized share capital? https://campusflava.com/blog/what-is-the-value-of-the-authorized-share-capital/ https://campusflava.com/blog/what-is-the-value-of-the-authorized-share-capital/#respond Fri, 01 Jan 2021 16:18:20 +0000 https://campusflava.com/blog/what-is-the-value-of-the-authorized-share-capital/ What is the value of the authorized share capital? A N500,000 B N600,000 C N750,000 D N1, 200,000 Answer is C

The post What is the value of the authorized share capital? first appeared on Campusflava.]]> What is the value of the authorized share capital?

A N500,000

B N600,000

C N750,000

D N1, 200,000

Answer is C

The post What is the value of the authorized share capital? first appeared on Campusflava.]]> https://campusflava.com/blog/what-is-the-value-of-the-authorized-share-capital/feed/ 0 39785 The statement of assets and liabilities in the public sector can be described as the? https://campusflava.com/blog/the-statement-of-assets-and-liabilities-in-the-public-sector-can-be-described-as-the/ https://campusflava.com/blog/the-statement-of-assets-and-liabilities-in-the-public-sector-can-be-described-as-the/#respond Fri, 01 Jan 2021 16:17:55 +0000 https://campusflava.com/blog/the-statement-of-assets-and-liabilities-in-the-public-sector-can-be-described-as-the/ The statement of assets and liabilities in the public sector can be described as the? A income and expenditure accountof government B appropriation account of government C balance sheet of government D funds flow statement of government Answer is A

The post The statement of assets and liabilities in the public sector can be described as the? first appeared on Campusflava.]]> The statement of assets and liabilities in the public sector can be described as the?

A income and expenditure accountof government

B appropriation account of government

C balance sheet of government

D funds flow statement of government

Answer is A

The post The statement of assets and liabilities in the public sector can be described as the? first appeared on Campusflava.]]> https://campusflava.com/blog/the-statement-of-assets-and-liabilities-in-the-public-sector-can-be-described-as-the/feed/ 0 39784 The budget statement presented to the legislature by the Chief Executive is called? https://campusflava.com/blog/the-budget-statement-presented-to-the-legislature-by-the-chief-executive-is-called/ https://campusflava.com/blog/the-budget-statement-presented-to-the-legislature-by-the-chief-executive-is-called/#respond Fri, 01 Jan 2021 16:17:32 +0000 https://campusflava.com/blog/the-budget-statement-presented-to-the-legislature-by-the-chief-executive-is-called/ The budget statement presented to the legislature by the Chief Executive is called? A an appropriation act B a budget bill C an appropriation bill D a budget proposal Answer is A

The post The budget statement presented to the legislature by the Chief Executive is called? first appeared on Campusflava.]]> The budget statement presented to the legislature by the Chief Executive is called?

A an appropriation act

B a budget bill

C an appropriation bill

D a budget proposal

Answer is A

The post The budget statement presented to the legislature by the Chief Executive is called? first appeared on Campusflava.]]> https://campusflava.com/blog/the-budget-statement-presented-to-the-legislature-by-the-chief-executive-is-called/feed/ 0 39783