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.

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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.

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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.

ACCOUNTING

JAMB 2001 - Question 35

Account 2001 JAMB Past Questions - Question 35: If a partner pays a premium of N500 for 1/5 share of profit, then the total vaiue of goodwill is

Choose the most appropriate option for the gap .

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

A: #500

B: #2,000

C: #2,500

D: #3,000.

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ACCOUNTING

Account 2001 JAMB Past Questions - Question 35: If a partner pays a premium of N500 for 1/5 share of profit, then the total vaiue of goodwill is

Examkit's JAMB CBT App

Correct Answer

Explanation