JAMB Past Questions and Answers - Page 1353

Palaju Enterprises had fixed assets costing N900,000 with provision for depreciation of N150,000 were disposed of during the period. Fixed assets of N100,000 were added during the year. Provision for depreciation was N350,000 at the beginning of the year and N300,000 at the end of the year.

What was the value of fixed assets at the beginning of the year?

Given that the balance as per cash book after necessary adjustment was N4,315, unpresented cheques were N1,688 and the bank statement balance was N4,791. What was the balance of uncredited cheques?

When a bill is negotiated to a bank, it is said be?

In a petty cash book, the closing balance was N235, imprest N1,250, while the stationery expenses were N655. How much was paid for other general expenses?

A cash book had opening balance of N15,200 closing balance N18,400 and total cash received during the period N36,000.
What was the amount of cash paid out during the same period?