Past Questions And Answers
The most important reason for studying accounting is that
- A. the information provided by accounting is useful in making decision
- B. Accounting plays an important role in the society
- C. the study of Accounting leads to challeging career
- D. Accounting provides gross profit information
Public opinion on the performance of a government is best measured by
- A. military strength
- B. general elections
- C. the mass media
- D. parliamentary debates
Plant hormones include the following except
- A. insulin
- B. auxin
- C. cytokinin
- D. gibberellin
Use the following information to answer the question
The yam sellers in Alesinloye trading area in Kano formed an organization.
Which of the following reasons would have informed the formation of the association? To
- A. provide warehouse facilities to producers
- B. provide insurance services to members
- C. advertise goods for producers
- D. protect the interest of members
How many types of booting are there?
- A. 5
- B. 3
- C. 2
- D. 4
In which of the following systems of government are ceremonial and executive powers usually fused?
- A. Parliamentary
- B. Presidential
- C. Collegial
- D. Confederal
An effective accounting system should provide information
- A. on new product and methods
- B. for cutomer feed back and requirement
- C. on internal and external reporting for managers and third parties
- D. for promoters, directors, labour union and distributors
Choose the option to which the given sentence relates My Boss has an amiable DISPOSITION
- A. Does your boss have an amiable disposition
- B. Does my boss have an unfriendly disposition
- C. Does my colleague have an amiable disposition?
- D. Does my boss have an amiable complexion?
Use the information below to answer question 4 and 5. Sales N20,000 Cost sales N10,000 Operating expenses N2,500 Expenses prepaid included in operating expenses N500. Calculate the net profit?
- A. N12,500
- B. N10,000
- C. N8,000
- D. N7,500
If only wages is shown on the trial balance, it should be charged to the
- A. profit and loss account
- B. trading account
- C. balance sheet
- D. wages account