[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT App for Mobile Devices - 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
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts

Accounts - Principles of Accounts Past Questions

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

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
666
Use the information below to answer question

i) Stock of goods
ii) Furniture
iii)Creditors
iv) Cash at bank
v) Loan from the bank

Determine the current liabilities?
  • A. iii and v
  • B. ii and iii
  • C. iv and v
  • D. i and ii
View Answer & Discuss JAMB 2011
667
Use the information below to answer question

i) Stock of goods
ii) Furniture
iii)Creditors
iv) Cash at bank
v) Loan from the bank

Find the current assets?
  • A. iii and v
  • B. ii and i
  • C. iv and v
  • D. i and iv
View Answer & Discuss JAMB 2011
668
The type of expense charged against administration of a firm is the?
  • A. repairs on building
  • B. interesr paid on loan
  • C. discount allowed
  • D. tax expense
View Answer & Discuss JAMB 2011
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - 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
669
In a period of declining price, which of the following methods would result in higher profit?
  • A. FIFO
  • B. Simple average
  • C. LIFO
  • D. Weighted average
View Answer & Discuss JAMB 2011
670
The item on the credit side of the trading account is the?
  • A. returns outwards
  • B. caarriage on sales
  • C. sales
  • D. purchases
View Answer & Discuss JAMB 2011
Start a Free Practice Test
 
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
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now