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Accounts - Principles of Accounts 2010 JAMB Past Questions

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1
The major function of accounting bodies in Nigeria is to?
  • A. provide proper financial management of businesses
  • B. provide good remuneration to the members
  • C. promote the ethics of the profession
  • D. show the dynamic nature of the profession
View Answer & Discuss JAMB 2010
2

Ledger account is mainly classified into?

  • A. nominal, real and personal accounts
  • B. fixed and current accounts
  • C. management, financial and public sector accounting
  • D. bank and cash accounts
View Answer & Discuss JAMB 2010
3

If salary account is debited instead of stationary account, the error committed is that of?

  • A. commission
  • B. omission
  • C. principle
  • D. compensation
View Answer & Discuss (1) JAMB 2010
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4

If stationery bought for N200 has been entered as N2000. To correct this error?

  • A. debit stationery with N2,200
  • B. credit stationery with N1,800
  • C. debit stationery with N1,800
  • D. credit stationery with N2,200
View Answer & Discuss (3) JAMB 2010
5

The account which refers to the tangible assets of a company that is of permanent nature is the?

  • A. personal account
  • B. real account
  • C. nominal account
  • D. cash account
View Answer & Discuss JAMB 2010
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