JAMB Past Questions and Answers - Page 932

4,656.

The capital employed is

A.

N13,000

B.

N9,900

C.

N8,400

D.

N9,000

Correct answer is C

No explanation has been provided for this answer.

4,657.

Musa merchants Trading and profit and Loss Account for the year ended Dec. 31st, 2003

Determine the closing stock.

A.

N20,000

B.

N30,000

C.

N40,000

D.

N50,000

Correct answer is C

No explanation has been provided for this answer.

4,658.

Based on the FIFO method of valuation the total cost of the raw materials issued is

A.

N150

B.

N160

C.

N240

D.

N250

Correct answer is C

No explanation has been provided for this answer.

4,659.

WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD?

A.

N60

B.

N61

C.

N62

D.

N64

Correct answer is D

No explanation has been provided for this answer.

4,660.

The depreciation to be charged to department T is ?

A.

N300

B.

N400

C.

N500

D.

N600

Correct answer is B

No explanation has been provided for this answer.