Determine the bank balance A N 6,950 credit B N6,950 debit C N6,000 credit D N6,000 debit Answer is B
Use the information above to answer the question Calculate the net profit. A N35,000 B N40,000 C N105,000 D N115,000 Answer is C
Use the information above to answer the question Find the gross profit. A N370,000 B N230,000 C N150,000 D N140,000 Answer is D
The 5% discount shown above indicates A trade discount B cash discount C discount allowed D discount received Answer is A
Debtors opening and closing balances amount to N6,500 and N7,600 respectively, What is the sales value? A N15,300 B N17,500 C N28,400 D N31,600 Answer is B
Given: From the above information, the gross profit from department X is A N3,800 B N2,300 C N2,200 D N2,000 Answer is C
Given: Determine the balance A 415,000 debit B 215,000 credit C 215,000 debit D 315,000 Answer is C
The power to appoint the Auditor General of the Federation is vested in the A National Assembly B President C Judicial Service Commission D Civil Service Commission Answer is B
The Petroleum Technology Development Fund is under the A general fund B contingency fund C trust fund D capital fund Answer is D
The book into which all types of a ministry’s expenditure are recorded is the A ledger book B payment book C vote book D expenditure book Answer is C
Which of the following is a source of revenue to the federation account? A Market fees B Bicycle licences C Tarrifs D Property rates Answer is C
Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840 Determine the number of times stock was turned …