JAMB Accounting Past Questions & Answers - Page 189

Gross earnings................N950,000
Current liabilities............N100,000
Operating expenses........N350,000
10% debentures..............N400,000
Shareholder's fund.......N1,300,000
Corporate tax is 30%

From the data above calculate the returns on equity?

After receiving the financial statement the Auditor General of the Federation must submit a report to the National Assembly within?

Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde's ledger control account is to be?

The difference in the sales ledger control account is transferred to the?

Capital.....................N?
Profit and loss.............N3500
Current assets..............N?
Current liabilities.........N2000
fixed assets................N11000

Determine the current assets?