JAMB Accounting Past Questions & Answers - Page 141

701.

The founders of a company are?

A.

Promoters

B.

Shareholders

C.

Canvassers

D.

Stakeholders

Correct answer is A

No explanation has been provided for this answer.

702.

Goodwill is determined using?

A.

Capital contribution

B.

Number of partner admitted

C.

The business and customer relations

D.

Number of active partners

Correct answer is B

No explanation has been provided for this answer.

703.

Which of the following can be used on admission of a new partnership?

A.

Revaluation account

B.

Profit account

C.

Capital account

D.

Trading account

Correct answer is A

No explanation has been provided for this answer.

704.

The interest on Keme's drawings is calculated as?

A.

N200

B.

N150

C.

N300

D.

N100

Correct answer is A

No explanation has been provided for this answer.