JAMB Accounting Past Questions & Answers - Page 79

391.

Goods worth N300 was transferred from department Q to P Similarly, P's total expenses for the period was N200

Department P's net profit was

A.

N5,200

B.

N3,000

C.

N2,800

D.

N2,500

Correct answer is D

No explanation has been provided for this answer.

392.
393.

Which of the following is true of Uju Nig.Ltd?

A.

It is a highly geared company

B.

It has no liquidity problem in the short term

C.

It is adequately secured in fixed assets

D.

It's working capital is zero

Correct answer is D

No explanation has been provided for this answer.

394.

The debit ratio is approximately

A.

43%

B.

42%

C.

41%

D.

23%

Correct answer is D

No explanation has been provided for this answer.