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Accounts - Principles of Accounts Past Questions

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651

An ordinary share of N80 was issued at N96. The share was issued at?

  • A. premium
  • B. par
  • C. discount
  • D. loss
View Answer & Discuss JAMB 2010
652

An increase in government expenditure within a year is taken care of by means of?

  • A. financial regulations
  • B. virement
  • C. warrant
  • D. supplementary estimate
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653

As evidence of payments to a government ministry, the revenue collectors will issue?

  • A. treasury receipt
  • B. receipts vourcher card
  • C. treasury card
  • D. stores receipts vourcher
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654
The historical development of accounting reveals that it?
  • A. deals with debit and credit of items
  • B. is a product of financial development
  • C. is a product of its own evironmnent
  • D. is an ideal subject for finacial development
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655
In a trial balance, income and liabilities are?
  • A. debited and credited respectively
  • B. credited
  • C. credited and debited respectively
  • D. debited
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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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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