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Accounts - Principles of Accounts 2023 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
16

Given:
I. Cash refunds
II. Debit note issued
III. Dishnoured cheque
IV. Purchases

The item on the credit side of purchase ledger control account includes

  • A. I, II and IV only
  • B. I and IV only
  • C. I and II only
  • D. I, II and III only
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17

Given:

I. It records subscription in arrears
II. Payments of liabilities is effected
III. The account does not show if cash payment is revenue or capital expenditure
IV. It performs the same function as cash book

The features of receipts and payment account includes:

  • A. III and IV
  • B. I, II and IV
  • C. II, III and IV
  • D. I, II and III
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18

Which of the following is used to service all operations of government?

  • A. general reserve fund
  • B. consolidated revenue fund
  • C. special operational fund
  • D. consolidated reserve fund
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19

The effect of transaction when cash is paid into the bank is?

  • A. bank balance decrease and cash balance increase
  • B. cash balance decrease and bank balance increase
  • C. bank balance decrease and cash balance decrease
  • D. cash balance increase and bank balance increase
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20

Which of these is not a subsidiary books?

  • A. sales day book
  • B. purchase day book
  • C. credit note
  • D. return inward day book
View Answer & Discuss JAMB 2023
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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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