JAMB Accounting Past Questions & Answers - Page 168

In partnership dissolution, an asset taken over by a partner is debited to?

The entry in the partnership books of accounts for interest on drawings is to?

Given:

Capital:..G...........N5000
..........T...........N8000
Drawings: G...........N2000
..........T..........N1000

Interest on capital..10%
Interest on Drawings..5%

Find the interest on drawings of G?

If a GSM operator based in Lagos supplies recharge cards to its branch in Akure, the head office can charge the goods at?

Given:
(i) Cost price (ii) Selling price (iii) Cost plus fixed percentage (iv) Price above cost and selling price

From the information above, the prices used in charging goods to the branches are?