If the discount allowed is 2.5% of sales, calculate the closing balance in the sales ledger account
N1400
N6,600
N16,600
N18,600
Correct answer is A
No explanation has been provided for this answer.
If cheques of N40,000 were received but a cheque of N8,000 was dishonoured, the amount owed was
N9,000
N20,000
N1,000
N17,000
Correct answer is C
No explanation has been provided for this answer.
Determine the value of closing stock using the LIFO method
N2,000
N2500
N4000
N35000
Correct answer is A
No explanation has been provided for this answer.
Assuming the closing stock was valued at N19,000 at the end of November, what was the gross profit?
N30,000
N50,000
N70,000
N100,000
Correct answer is B
No explanation has been provided for this answer.
Bank charges
An unpresented cheque
Dividends
An uncredited cheque
Correct answer is A
No explanation has been provided for this answer.
JAMB Subjects
Aptitude Tests