[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
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
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. JAMB 2008

Accounts - Principles of Accounts 2008 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 Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
1
One of the major features of bookkeeping is that it?
  • A. provides permanent records for all financial transactions
  • B. is futuristic in nature
  • C. accpets responsibility for all wrong postings
  • D. does not give room for double entry procedures
View Answer & Discuss JAMB 2008
2
Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results?
  • A. Conservatism
  • B. Historical
  • C. Monetary
  • D. Cost
View Answer & Discuss JAMB 2008
3
A financial analyst needs accounting information to?
  • A. maintain the production section of the business
  • B. know why transactions cause increase and decreases in assets
  • C. advise on how to manage the business
  • D. know how to record transaction in T account
View Answer & Discuss (1) JAMB 2008
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
4
One basic assumption of the double entry theory is that it allows?
  • A. two credit entries at the same time
  • B. two debit entries at the same time
  • C. debit and credit two credit entries at the same time
  • D. debit and credit two credit entries in corresponding account
View Answer & Discuss JAMB 2008
5
Given:

Sales.....................N4000
Light expenses............N2900
Rent......................N1500
Purchases.................N7500
Debtors...................N6000
Creditors.................N29000
Drawings..................N25
Bank......................N400
General expenses..........N1500

Calculate the total of trial balance?
  • A. N64 300
  • B. N46 825
  • C. N41 850
  • D. N33 325
View Answer & Discuss (1) JAMB 2008
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - 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
Post UTME Past Questions Agent