[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
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
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. JAMB 2015

Accounts - Principles of Accounts 2015 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
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1
An expenses is said to be revenue in nature if it
  • A. adds or contributes to the operating income of the business
  • B. necessitates the introduction of additional capital
  • C. reduces the capital of the business
  • D. adds to or improves the value of fixed assets
View Answer & Discuss JAMB 2015
2
An entry in a subsidiary book which does not form part of the double entry system is a
  • A. contra entry
  • B. single entry
  • C. journal entry
  • D. memorandum entry
View Answer & Discuss (2) JAMB 2015
3

Determine wage expenses from the given information, wages outstanding at the beginning, wages paid during the period 15000 and wages outstanding of the period 2,000

  • A. N16,000
  • B. N17,000
  • C. N13,000
  • D. N14,000
View Answer & Discuss (2) JAMB 2015
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post UTME Past Questions Agent
4
Which method of pricing can be used satisfactorily in either rising or falling price situation?
  • A. Market price
  • B. Average method
  • C. FIFO
  • D. Standard price
View Answer & Discuss JAMB 2015
5
Use the information below to answer this question.

\(\begin{array}{c|c}
\text{Stock} & 11,250 \\
\hline
\text{Debtors} & 18,750 \\
\hline
\text{Creditors} & 3,750 \\
\hline
\text{Bank} & 4,000 \\
\hline
\text{Net profit} & 7,500 \\
\hline
\text{Net} & 60,000 \\
\end{array}\)

Calculate the acid test ratio
  • A. 5 : 1
  • B. 6 : 1
  • C. 6 : 1 : 1
  • D. 4 : 1
View Answer & Discuss JAMB 2015
Start a Free Practice Test
 
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
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076