Past Questions And Answers
The concept which states that revenue should be recognized at the point when the sale is deemed to have been made is
- A. matching
- B. consistency
- C. realization
- D. going concern
Which of the following pairs of elements forms amphoteric oxides?
- A. Be and Mg
- B. Na and K
- C. B and Al
- D. Si and Pb
Which of the following was the first directive given to man after God had created him
- A. Be fruitful and multiply, fill the earth and subdue it
- B. Go ye into the world and exercise full authority over it
- C. Be you kind to all creatures of the earth
- D. Behold i have given you every plant yielding seed
The distinguishing characteristic between the money market and the capital market lies in whether the
- A. securities are primary or secondary
- B. debt instruments provided are long-term or short-term
- C. funds mobilized are private or public
- D. securities are in debentures or ordinary shares
The Makkahs were opposed to Muhammad (SAW) because he preached primarily against _____
- A. Murder and suicide
- B. Drinking and smoking
- C. Idolatry and exploitation
- D. Music and dancing
Which of the following is not an asset
- A) Goodwill
- B) General reserves
- C) Debtors
- D) Prepayments
Talaq al ba in means divorce that is
- A. revocable
- B. permissible
- C. detestable
- D. irrevocable
The man forced to carry the cross of Jesus on the way to crucifixion was
- A. Joseph of Arimathea
- B. Simon the Zealot
- C. Joseph of Cyrene
- D. Simon of Cyrene
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
- A. 23.3%
- B. 33.3%
- C. 50.0%
- D. 66.6%
How did David perceive that his child from Bathsheba was dead?
- A. Bathsheba lamented the loss of her child
- B. he saw his servants whispering together
- C. he received a message to that effect from Joab
- D. God revealed it to him through Nathan

