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Accounts - Principles of Accounts 2025 JAMB Past Questions

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76

The process of distributing shares to successful applicants is

  • A. allocation
  • B. application
  • C. allotment
  • D. apportionment
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77

One of the components of factory overhead is

  • A. raw materials consumed
  • B. depreciation of plant and machinery
  • C. manufacturing wages
  • D. carriage inwards
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78

Which of the following is a primary source of entry into the debtors ledger?

  • A. Sales invoices
  • B. Suppliers invoices
  • C. Payment vouchers
  • D. Returns outward notes
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79

Resources owned and controlled by a business are classified as

  • A. capital
  • B. liabilities
  • C. drawings
  • D. assets
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80

Which of the following is used before the appropriation bill is approved?

  • A. reserved expenditure warrant
  • B. virement warrant
  • C. supplementary general warrant
  • D. provisional general warrant
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT Software for Computers and Laptops - 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