[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. JAMB 1999

Accounts - Principles of Accounts 1999 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
16
The main features of the single system are that?
  • A. books of accounts are not maintained and business relies only on bank statement
  • B. the journal records are absent and only the main ledger is kept 7
  • C. there are incomplete classifications and recording procedures
  • D. only credit sales transactions and credit purchase are recorded
View Answer & Discuss JAMB 1999
17
The principal function of a sales ledger control account is to?
  • A. serve as internal check and provide quick information for the preparation of interim financial statements
  • B. serve as external check and provide quick information for the preparation of interim financial statements
  • C. provide quick information for the preparation of customers' statement
  • D. provide information for the control of salesmen's activities
View Answer & Discuss JAMB 1999
18
In dealing with incomplete records, fixed assets are posted to?
  • A. opening profit and loss as brought forward figures
  • B. closing balance sheet as carried forward figures
  • C. closing balance sheets as brought forward figures
  • D. closing profit and loss as brought forward figures
View Answer & Discuss JAMB 1999
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
19
When the factory cost of production has been ascertained, manufactured goods are transferred to trading account by?
  • A. debting manufacturing account and crediting trading acccount
  • B. crditing sales account and debtiting trading account
  • C. debiting sales account and crediting trading account
  • D. crediting manufacturing account and debiting trading account
View Answer & Discuss JAMB 1999
20
Lawal and co makes blocks and sell to builders.
In computing prime cost, which of the following costs would be considered appropriate?
  • A. Cement, sand and carriage outwards
  • B. Water carriage inwards and cement
  • C. Sales boys'wages, cement and sand
  • D. Carriage outwards,carriage inwards and cement
View Answer & Discuss (3) JAMB 1999
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts