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

Accounts - Principles of Accounts 2017 JAMB Past Questions

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

WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1
Which of these accounts is dissolution expenses credited?
  • A. partners capital account
  • B. revaluation account
  • C. partners current account
  • D. Realization account
View Answer & Discuss JAMB 2017
2
Capital for a profit making organization is generated through
  • A. Subscription
  • B. shares
  • C. donation
  • D. gift
View Answer & Discuss JAMB 2017
3
The account where the profit are distributed to the partner in their profit sharing ratio in partnership
  • A. trading account
  • B. appropriation account
  • C. balance sheet
  • D. profit and loss account
View Answer & Discuss JAMB 2017
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4
In manufacturing account, depreciation of office machine is charged to
  • A. trading account
  • B. appropriation account
  • C. balance street
  • D. profit and loss account
View Answer & Discuss JAMB 2017
5
Given:
I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes
  • A. I,II and III only
  • B. I and II only
  • C. III and IV only
  • D. I, III and IV only
View Answer & Discuss JAMB 2017
Start a Free Practice Test
 
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free