All practice questions

Kano Head Office operates a dependent branch in Kaduna, supplying all goods at cost price. For the year ended 31 December 2025, the following records were extracted:

What is the net profit of the Kaduna branch for the year in Naira (₦)?

A physical geographer constructs a cross-section across a ridge on a topographic map with a scale of $1 : 25{}000$. On the vertical axis of the profile, $1\text{ cm}$ represents an elevation of $20\text{ metres}$. What is the vertical exaggeration ($VE$) of this cross-section profile?

A weather station in Ibadan recorded a daily maximum temperature of $34^\circ\text{C}$ and a daily minimum temperature of $22^\circ\text{C}$. What is the diurnal range of temperature for that day in ${}^\circ\text{C}$?

Danford Oil Plc has an issued share capital of $1,200,000$ ordinary shares of $\text{₦}0.50$ each and a Share Premium balance of $\text{₦}180,000$. The company executes a rights issue of $1$ new ordinary share for every $4$ shares held at an issue price of $\text{₦}0.80$ per share, which is fully subscribed. Immediately thereafter, the company declares a bonus issue of $1$ new share for every $6$ ordinary shares held, utilizing the Share Premium account. What is the remaining balance in the Share Premium account after both transactions?

At 1 January 2025, a trader's Rates Account had a prepaid balance of $\text{₦}35,000$. During the financial year ended 31 December 2025, total cash paid for rates was $\text{₦}210,000$, which included $\text{₦}45,000$ paid for rates covering the first quarter of 2026. As of 31 December 2025, an amount of $\text{₦}15,000$ for rates owing for December 2025 had not been paid. What is the net rates expense to be debited to the Profit and Loss Account for the year ended 31 December 2025?

A forest reserve covers an area of $16\text{ cm}^2$ on a topographical map with a scale of $1 : 100,000$. If the map is enlarged such that the same forest reserve occupies an area of $64\text{ cm}^2$ on the new map, what is the scale denominator ($N$) of the new map, where the scale is expressed as $1 : N$?

On 12 June, Babatunde purchased goods with a list price of $\text{₦}400,000$ from a supplier on credit, subject to a $15\%$ trade discount. On 26 June, he settled the account by issuing a cheque, taking advantage of a $5\%$ cash discount for prompt payment. What is the net amount, in Naira ($\text{₦}$), entered in the Bank column of Babatunde's three-column cash book?

Kofi and Ama are partners sharing profits and losses in the ratio $3:2$. On the dissolution of their partnership, the book values of the assets transferred to the Realization Account were: Buildings ₦$150,000$, Plant and Machinery ₦$80,000$, Debtors ₦$50,000$, and Stock ₦$30,000$. The assets were realized as follows: Buildings ₦$180,000$, Plant and Machinery ₦$70,000$, Debtors ₦$45,000$, and Stock ₦$25,000$. Dissolution expenses of ₦$6,000$ were paid. What is Kofi's share of the profit on realization in Naira?

On July 1, 2026, an enterprise operating a petty cash imprest system had a remaining cash balance of $₦6,500$ in the petty cash box from the previous month. The chief cashier replenished the float to its agreed limit of $₦40,000$. During July, disbursements were made for office stationery ($₦12,300$), bus fares ($₦7,500$), and courier services ($₦9,400$). What is the amount of cash in Naira ($₦$) remaining in the petty cash box at the end of July 2026 before any reimbursement is made?

At a weather observation station in Jos, Nigeria, a meteorologist recorded the following daily temperature readings using a Six's maximum and minimum thermometer over a four-day period:

- Day 1: Maximum = $31.0^\circ\text{C}$, Minimum = $19.0^\circ\text{C}$
- Day 2: Maximum = $33.5^\circ\text{C}$, Minimum = $17.5^\circ\text{C}$
- Day 3: Maximum = $28.0^\circ\text{C}$, Minimum = $16.0^\circ\text{C}$
- Day 4: Maximum = $29.5^\circ\text{C}$, Minimum = $18.5^\circ\text{C}$

Calculate the mean diurnal (daily) temperature range for this four-day period in degrees Celsius ($^\circ\text{C}$).

Adeola Traders operates a dual ledger system. On 1st July 2025, the debit balance of the Sales Ledger Control Account was $\text{N}145,000$. During July, credit sales amounted to $\text{N}82,000$, cash collected from debtors was $\text{N}94,000$, discount allowed was $\text{N}4,000$, and bad debts written off totaled $\text{N}3,000$. A contra entry of $\text{N}16,500$ was set off between the sales ledger and purchases ledger. What is the closing debit balance of the Sales Ledger Control Account at the end of July 2025?

On a topographical survey map drawn to a scale of $1:40,000$, Point X lies at an elevation of $250\text{ m}$ on a hillside, and Point Y lies further uphill along a straight spur at an elevation of $650\text{ m}$. If the distance between Point X and Point Y measured on the map is $5\text{ cm}$, the gradient of the slope between the two points can be expressed in the ratio form $1 : x$. What is the numerical value of $x$?

Adewale opened his accounting books on 1st January with the following balances extracted for an opening journal entry: Delivery Van $\text{₦}450,000$, Inventory $\text{₦}180,000$, Trade Debtors $\text{₦}90,000$, Cash in Hand $\text{₦}30,000$, Trade Creditors $\text{₦}140,000$, and Bank Loan $\text{₦}110,000$. What is the amount of Capital (in $\text{₦}$) to be credited in the General Journal?

Zenith Logistics Plc offered for public subscription $50,000$ ordinary shares of $\text{₦}2.00$ each at a premium of $15\%$. If all the shares were fully subscribed and paid for, what total amount (in $\text{₦}$) will be credited to the Share Premium Account?

Prior to reconciliation, the Sales Ledger Control Account of Folake Enterprises showed a debit balance of ₦540,000 on 31 December 2025. Upon auditing the books, the following errors were discovered:

1. The sales journal total was understated by ���9,000.
2. A customer's dishonoured cheque of ₦14,000 recorded in the cash book was not posted to the control account.
3. A contra set-off of ₦6,000 between the sales and purchases ledgers was omitted from the control account.
4. Total discount allowed of ₦3,500 was wrongly posted to the debit side of the control account.

What is the correct adjusted balance of the Sales Ledger Control Account?

If the local time at the Greenwich Meridian ($0^\circ$) is 12:00 noon, what is the longitude of a city where the local time is 4:00 PM on the same day? Express your answer as a number in degrees East.

A certain district in West Africa recorded 1,200 live births in a given year within a mid-year population of 50,000. Calculate the Crude Birth Rate (CBR) per 1,000 population for this district.

On a topographic map drawn to a scale of $1 : 50,000$, a road ascends continuously from Point A at a contour elevation of $160\text{ m}$ to Point B at a contour elevation of $360\text{ m}$. If the straight-line distance between Point A and Point B measured on the map is $10\text{ cm}$, calculate the gradient of the road between these two points. Express your answer as the value of $N$ in the ratio $1 : N$.

On 30th June 2026, the Cash Book bank column of Emeka Enterprises showed a debit balance of $\text{NGN } 45,000$. Upon comparison with the Bank Statement, the following items causing discrepancies were identified:

- Direct credit for dividends received directly by the bank: $\text{NGN } 2,500$
- Bank charges not yet recorded in the Cash Book: $\text{NGN } 1,200$
- Standing order payment for insurance: $\text{NGN } 3,000$
- Unpresented cheques: $\text{NGN } 8,500$
- Uncredited lodgements: $\text{NGN } 5,400$

What is the adjusted Cash Book balance in NGN prior to preparing the Bank Reconciliation Statement?

In a given administrative zone in West Africa with an estimated mid-year population of $250{}000$, a demographic survey recorded $7{}500$ live births and $2{}500$ deaths during a single calendar year. In the same year, records showed that $1{}250$ individuals moved permanently into the zone while $750$ individuals emigrated out. Based on these demographic statistics, what is the annual total population growth rate of the zone expressed as a percentage?