WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Accounts - Principles of Accounts 2016 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
31

I. Members subscription
II. Fines from members
III. Donation
IV. Loan from bank

From the information above, sources of income for a Not-for-profit-making organization include

  • A. I,III,IV
  • B. I,II,III
  • C. I,II,IV
  • D. I and IV
View Answer & Discuss (2) JAMB 2016
32

Clifford pays rent of #200 per month for premises, He paid #2,800 within the year. Compute the prepayment.

  • A. #300
  • B. #400
  • C. #600
  • D. #200
View Answer & Discuss (6) JAMB 2016
33

Purchases can be ascertained through the preparation of a

  • A. stock account
  • B. sales account
  • C. total debtors control account
  • D. total creditors control account
View Answer & Discuss (1) JAMB 2016
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
34

When stock is withdrawn for personal use, the accounting entries is to debit

  • A. stock account credit drawings
  • B. drawing account, credit stock account
  • C. personal account credit cash account
  • D. cash account, credit personal account
View Answer & Discuss JAMB 2016
35
Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled #800,000. A provision for bad and doubtful debts.
Find the amount for sundry debtors after provision.
  • A. #744,800
  • B. #760,000
  • C. #784,000
  • D. #744,000
View Answer & Discuss (1) JAMB 2016
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 and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent