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

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 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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
756

July 1 - Started business with #10,500
July 31- Paid Agro machine x #6,000 owing them

The double entry for July 31 would be

  • A. debit Agromachinex and credit cash
  • B. debit equipment and credit Agromachinex
  • C. credit capital and debit cash
  • D. credit cash and debit purchases
View Answer & Discuss JAMB 2013
757

The total credit sales for a period can be extracted from the

  • A. cash book
  • B. sales day book
  • C. petty cash book
  • D. returns inwards
View Answer & Discuss JAMB 2013
758
The major source document which enables an employer to calculate the employee wages is the
  • A. nominal roll of employees
  • B. record of number of hours worked
  • C. effort of the employee
  • D. record of number of dependants per employee
View Answer & Discuss (1) JAMB 2013
Your School's Whatsapp Group - Join Us now
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
759

Which of the following items is a capital expenditure?

  • A. Maintenance of office machine
  • B. Purchase of office stationery
  • C. Carriage inwards
  • D. Purchase of office machinery
View Answer & Discuss JAMB 2013
760

The corresponding entry of personal accounts found in the debit side of the cash is to

  • A. credit real accounts
  • B. debit real accounts
  • C. credit the ledger
  • D. debit the ledger
View Answer & Discuss JAMB 2013
Start a Free Practice Test
 
Post UTME Past Questions Agent
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
Your School's Whatsapp Group - Join Us now