JAMB and WAEC Accounts (Principles of Accounts) questions

609 questions with answers and explanations. Tap an option to check yourself.

All JAMB WAEC

Question 141· Branch and departmental accounts· WAEC
Rent of a store may be shared among departments on the basis of
Explanation and discussion
Question 142· Branch and departmental accounts· WAEC
The goods sent to branch account records
Explanation and discussion
Question 143· Branch and departmental accounts· JAMB
Lighting costs shared among departments are best apportioned by
Explanation and discussion
Question 144· Branch and departmental accounts· WAEC
Electricity shared between departments is best apportioned using
Explanation and discussion
Question 145· Branch and departmental accounts· JAMB
Under the branch stock system, goods sent by head office to a branch are credited to the
Explanation and discussion
Question 146· Branch and departmental accounts· JAMB
Rent of a departmental store is usually shared among departments on the basis of
Explanation and discussion
Question 147· Branch and departmental accounts· JAMB
A branch that keeps its own full set of books is
Explanation and discussion
Question 148· Branch and departmental accounts· WAEC
Rent of ₦120,000 is shared between departments A (300 m²) and B (200 m²) by floor area. Find A's share.
Explanation and discussion
Question 149· Branch and departmental accounts· WAEC
Goods sent to a branch at cost plus 25%. If goods invoiced at ₦50,000 were sent, the cost was
Explanation and discussion
Question 150· Branch and departmental accounts· WAEC
Expenses that cannot be traced to a particular department are shared
Explanation and discussion
Question 151· Branch and departmental accounts· JAMB
Expenses that cannot be traced to particular departments are
Explanation and discussion
Question 152· Branch and departmental accounts· JAMB
Goods are sent to a branch at cost plus 25%. Goods invoiced at ₦250,000 cost head office
Explanation and discussion
Question 153· Branch and departmental accounts· WAEC
Departmental accounts are prepared mainly to
Explanation and discussion
Question 154· Branch and departmental accounts· JAMB
Advertising expenses are commonly shared among departments in proportion to
Explanation and discussion
Question 155· Branch and departmental accounts· WAEC
In the head office books, goods sent to a branch are recorded by
Explanation and discussion
Question 156· Branch and departmental accounts· JAMB
When goods are sent to a branch at selling price, the mark-up is held in the
Explanation and discussion
Question 157· Branch and departmental accounts· WAEC
Departmental accounts help management to
Explanation and discussion
Question 158· Branch and departmental accounts· WAEC
A branch that keeps its own full set of books is called
Explanation and discussion
Question 159· Company accounts· WAEC
Shares that carry a fixed rate of dividend paid before ordinary dividends are
Explanation and discussion
Question 160· Company accounts· WAEC
Shares issued to existing shareholders free of charge out of reserves are
Explanation and discussion

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JAMB and WAEC Accounts (Principles of Accounts) questions

Rent of a store may be shared among departments on the basis of

The goods sent to branch account records

Lighting costs shared among departments are best apportioned by

Electricity shared between departments is best apportioned using

Under the branch stock system, goods sent by head office to a branch are credited to the

Rent of a departmental store is usually shared among departments on the basis of

A branch that keeps its own full set of books is

Rent of ₦120,000 is shared between departments A (300 m²) and B (200 m²) by floor area. Find A's share.

Goods sent to a branch at cost plus 25%. If goods invoiced at ₦50,000 were sent, the cost was

Expenses that cannot be traced to a particular department are shared

Expenses that cannot be traced to particular departments are

Goods are sent to a branch at cost plus 25%. Goods invoiced at ₦250,000 cost head office

Departmental accounts are prepared mainly to

Advertising expenses are commonly shared among departments in proportion to

In the head office books, goods sent to a branch are recorded by

When goods are sent to a branch at selling price, the mark-up is held in the

Departmental accounts help management to

A branch that keeps its own full set of books is called

Shares that carry a fixed rate of dividend paid before ordinary dividends are

Shares issued to existing shareholders free of charge out of reserves are