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Accounts - Principles of Accounts 2014 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1
One of the the differences between bookkeeping and accounting is that the former
  • A. records data while the latter interprets
  • B. is regarded as the language of the business while the latter ascertains its strenght
  • C. interprets data while the latter records it
  • D. summarises information while the latter communicates it
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2
The concept which states that revenue should be recognized at the point when the sale is deemed to have been made is
  • A. matching
  • B. consistency
  • C. realization
  • D. going concern
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3
A cheque of #5,000 paid to Sulieman had been correctly entered in the cash book but had not been entered in Sulieman's account. To correct this error, debit Sulieman's account and credit
  • A. cash account
  • B. bank account
  • C. suspense account
  • D. purchases account
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4
Aduke Motors bought three Toyota Hilux vans on cash at the cost of #6,000,000, on debiting the vehicle account, the corresponding credit for the purchase will appear in the
  • A. sales day book
  • B. purchases day book
  • C. sales subsidiary book
  • D. cash book
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5
Which of the following affects the accuracy and authenticity of the trial balance?
  • A. Error of ommission
  • B. Error of commission
  • C. Error of transposition
  • D. Error of original entry
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