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Accounts - Principles of Accounts 2016 JAMB Past Questions

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26

Impersonal account is subdivided into

  • A. real and nominal accounts
  • B. nominal and personal accounts
  • C. real and current accounts
  • D. personal and real accounts
View Answer & Discuss (1) JAMB 2016
27

Opening balance of Diks company was #12,202, closing balance #15,300, total cash received during the period #40,000. What was the amount of cash paid during the same period?

  • A. #36,902
  • B. #27,502
  • C. #12,498
  • D. #43,098
View Answer & Discuss (5) JAMB 2016
28
The total cash and cheques received from customers in a control account is derived from the
  • A. income and expenditure account
  • B. cashbook
  • C. purchases day book
  • D. sales journal
View Answer & Discuss (2) JAMB 2016
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29

Which of the foloowing is a credit item in creditors ledger control account?

  • A. Returns outwards
  • B. Discount Received
  • C. Bad debts
  • D. Purchases
View Answer & Discuss (1) JAMB 2016
30

The trader's capital in a single entry system is ascertained by preparing

  • A. gross profit
  • B. statement of affairs
  • C. suspense account
  • D. appropriation account
View Answer & Discuss JAMB 2016
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