JAMB Accounting Past Questions & Answers - Page 83

LOAN IS 30% OF CREDITORS.

A company has departments S,T and U. The sales are N20,000,20,000, N40,000 AND N60,000 respectively if the sales commission paid is N12,000, how much is T's share?

LOAN IS 30% OF CREDITORS.

What is the capital balance?

The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections.

The subscriptions received would be

The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections.

What is the closing cash balance?

The current ratio is