Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. JAMB
  4. /
  5. Accounts - Principles of Accounts
  6. /
  7. 2001
  8. /
  9. Q0
Question 0

If a partner pays a premium of N500 for 1/5 share of profit, then the total value of goodwill is?

  • A.N500
  • B.N2,000
  • C.N2,500
  • D.N3,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2001
Question no.
#0
Type
Objective
Previous · Q0Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of… Next · Q0 On the dissolution of a partnership business,the net book value of the assets is…

More from this paper

  • Q0The current growth in the volume of trading and financial dealings in Nigeria is…
  • Q0Cost accounting entails the provision of information?
  • Q0The main objective of accounting report is to provide information about?
  • Q0If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the…
  • Q0Use the information below to answer question. Given: Fixed assets N85,600 Sales…
  • Q0Use the information below to answer question. Given: Fixed assets N85,600 Sales…
See all Accounts - Principles of Accounts 2001 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy