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Accounts - Principles of Accounts 2025 JAMB Past Questions

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66

Provision for depreciation on delivery van is charged to

  • A. manufacturing account
  • B. trading account
  • C. profit and loss account
  • D. appropriation account
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67

A sales daybook is used to record

  • A. cash sales of fixed assets
  • B. cash and credit sales of stock
  • C. credit sales of stock
  • D. cash sales of stock
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68

Capital expenditure is the

  • A. extra capital paid in by the proprietor
  • B. money spend on buying goods for resale
  • C. money spend on acquiring fixed assets
  • D. cost of running a business
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69

Which of the following is not a real account?

  • A. Patent account
  • B. Motor Vehicle account
  • C. Building account
  • D. Furniture account
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70

In preparing a profit and loss account, a decrease in provision for doubtful debts accounts is treated as

  • A. income
  • B. current assets
  • C. expenses
  • D. current liability
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