All practice questions

Sunrise Recreation Club received ₦500,000 as entrance fees during the financial year. According to the club's constitution, 60% of entrance fees are to be capitalized, with the remainder recognized as revenue income. What amount (in ₦) should be credited to the Income and Expenditure Account for the year?

The interior of the Earth is divided into distinct structural layers based on physical properties and chemical composition. Which semi-fluid layer, located within the upper mantle directly beneath the rigid outer shell, provides the plastic medium that enables tectonic plate movements?

What is the ground-state electronic configuration of the iron(II) ion, $Fe^{2+}$? (Atomic number of $Fe = 26$)

At the end of the financial year, Adebayo Stores extracted the following balances from its financial records:

- Trade Debtors: $\text{₦}85,000$
- Bad debts to be written off: $\text{��}5,000$

The business policy requires creating a $10\%$ Provision for Doubtful Debts and a $5\%$ Provision for Discount on Debtors. What is the correct amount to be recognized as the Provision for Discount on Debtors?

A proposed power transmission line measures $14.4\text{ cm}$ on Map X, which is drawn to a Representative Fraction (RF) scale of $1 : 250,000$. The same power line is subsequently transferred to Map Y, where its total path is measured across two contiguous sections: a straight stretch of $8.0\text{ cm}$ and a curved section of $10.0\text{ cm}$. What is the denominator of the Representative Fraction (RF) scale of Map Y?

The Earth's internal energy drives tectonic movements while external processes constantly reshape the lithosphere. Which of the following correctly identifies the semi-fluid internal layer that enables tectonic plate motion, alongside the external process responsible for the strictly in-situ disintegration of exposed surface rocks?

A proposed pipeline route between two water reservoirs measures $18\text{ cm}$ on a regional map drawn to a statement scale of $5\text{ cm to } 2\text{ km}$. If this map is reduced to a Representative Fraction (RF) scale of $1 : 100,000$, what will be the length of the pipeline route on the reduced map?

The adjusted cash book of Kalu Traders shows a debit (favourable) balance of $\text{NGN } 25,000$. Unpresented cheques total $\text{NGN } 4,000$, while uncredited lodgements amount to $\text{NGN } 3,000$. What is the balance as per the bank statement?

Chidi appointed Emeka as his commercial agent to sell a fleet of haulage trucks. Before Emeka could negotiate or complete any contract with prospective buyers, Chidi was formally declared bankrupt by a court of competent jurisdiction. Which of the following best describes the legal status of the agency relationship?

A trading business records its daily credit sales and customer returns in specialized books of prime entry. Match each accounting document or transaction summary on the left with its corresponding book of original entry or ledger posting rule on the right.

In the geomorphic development of a karst landscape, groundwater percolating through well-jointed limestone dissolves calcium carbonate to form distinct subterranean and surface features. Which of the following sequences correctly orders the evolutionary stages of these landforms from initial surface solution to the most advanced stage of cavern collapse?

Femi and Ibrahim entered into a joint venture to trade in surplus industrial machinery, maintaining a separate set of books. They agreed to share profits and losses in the ratio of $3:2$, respectively. They opened a Joint Bank account with initial contributions of $\text{₦}1,200,000$ from Femi and $\text{₦}800,000$ from Ibrahim. Purchases paid directly from the Joint Bank amounted to $\text{₦}1,500,000$, while Femi supplied additional goods from his own business stock valued at $\text{₦}300,000$. Ibrahim paid carriage and handling expenses of $\text{₦}100,000$ from his personal bank account, and general venture expenses of $\text{₦}150,000$ were paid out of the Joint Bank. Femi was entitled to a management commission of $5\%$ on total gross sales proceeds. Total sales cash proceeds deposited into the Joint Bank were $\text{₦}2,400,000$, and the remaining unsold inventory was taken over by Ibrahim at an agreed valuation of $\text{₦}200,000$. What is the final amount in Naira ($\text{₦}$) payable to Femi from the Joint Bank Account upon final cash settlement?

Read the unseen passage below carefully:

As the final bell echoed through the empty corridors, Mr. Okon stood by his desk, neatly stacking the uncollected report cards. He lingered at Nduka's file, tracing the sharp decline in grades over the last term, right beside the note detailing the boy's recent night shifts at the timber market. Shaking his head softly, Mr. Okon placed a fresh notebook inside Nduka's locker before locking the classroom door.

From the passage above, what can be deduced about Mr. Okon's attitude toward Nduka?

The following ledger account balances were extracted from the books of Binta Traders at 31 December 2025:

- Purchases: ₦240,000
- Sales: ₦410,000
- Motor Vehicles (Cost): ₦180,000
- Provision for Depreciation on Motor Vehicles: ₦36,000
- Trade Debtors: ₦75,000
- Trade Creditors: ₦52,000
- Cash at Bank: ₦34,000
- Capital: ₦150,000
- Returns Inwards: ₦14,000
- Returns Outwards: ₦9,000
- Rent and Rates: ₦22,000
- Discount Received: ₦6,000
- Provision for Doubtful Debts: ₦4,000
- Opening Inventory: ₦45,000
- Drawings: ₦18,000

When preparing the trial balance, the bookkeeper inserted a Suspense Account balance to make the total of the debit column equal the total of the credit column. What is the value of the balance (in ��) required in the Suspense Account?

Which of the following processes is primarily responsible for the formation of metamorphic rocks such as marble?

A manufacturing enterprise transfers finished goods from its factory to the trading section at a mark-up of $25\%$ on manufacturing cost. For the financial year ended 31 December 2025, the opening inventory of finished goods at transfer price was $\text{₦}30,000$ with an existing provision for unrealized profit of $\text{₦}6,000$. The closing inventory of finished goods at transfer price was $\text{₦}45,000$. What is the amount of provision for unrealized profit to be debited to the Profit and Loss Account for the year?

Emeka and Chidi are partners sharing profits and losses in the ratio $3:1$. On 1st July 2025, they agree to revalue their assets and liabilities as follows: Machinery recorded at ₦150,000 is revalued to ₦180,000; Furniture recorded at ₦80,000 is revalued to ₦70,000; a provision for doubtful debts of $5\%$ is created on Debtors of ₦60,000; and an unrecorded legal expense of ₦5,000 is recognized. What is Emeka's share of the net revaluation profit or loss?

Arrange the principal layers of the Earth's atmosphere in order of increasing altitude, starting from the layer closest to the Earth's surface up to the outer boundary.

Geophysical studies reveal that Earth's internal layers are stratified according to their physical properties and chemical compositions. Arrange the following structural layers of the Earth in order of increasing average density, starting from the layer with the lowest density to the layer with the highest density.

On a topographical map with a scale of $1:50,000$, Point X is situated on a contour line marked $350\text{ m}$ and Point Y is situated on a contour line marked $500\text{ m}$. If the measured distance between Point X and Point Y on the map is $6\text{ cm}$, what is the gradient of the slope between Point X and Point Y?