Accounts - Principles of Accounts 2011 JAMB Past Questions

6

The major feature of a journal is that it has?

A. six columns, date, particulars, folio, amount, debit and credit
B. five columns, date particulars, folio, debit and credit
C. three columns, date particulars and folio
D. four columns, date particulars, folio and amount

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7

The medium of correcting errors whose differences are shown in the trial balance is by the use of?

A. debtors' account
B. creditor's account
C. suspense account
D. ledger account

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8

Use the information below to answer question .

Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided.

Find the total amount paid?

A. N260
B. N300
C. N200
D. N380

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9

Use the information below to answer question .

Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided.

Calculate the cash discount?

A. N60
B. N90
C. N40
D. N100

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10

In bank reconciliation process, discrepancies cause by timing arises as a result of?

A. cash book bank statement
B. bank statement only
C. cash book, bank statement and other incidental records
D. cash book only

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Accounts - Principles of Accounts 2011 JAMB Past Questions

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