Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNT

JAMB 2022 - Question 16

Account 2022 JAMB Past Questions - Question 16: The net profit or loss for the year is determined in profit and loss account after?

The net profit or loss for the year is determined in profit and loss account after?

A: deducting purchases from sales

B: deducting cost of goods sold from sales and adding administrative expenses

C: adding commissions received to gross profit

D: eliminating all expenses from gross profit and adding any other income

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ACCOUNT

Account 2022 JAMB Past Questions - Question 16: The net profit or loss for the year is determined in profit and loss account after?

Examkit's JAMB CBT App

Correct Answer

Explanation