[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
  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 offline past questions - with all answers and explanations in one app - Download for free
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
81
The instrument that are generated when firms enter into business transactions with others are called
  • A. purchase document
  • B. journals
  • C. source documents
  • D. invoices
View Answer & Discuss JAMB 1997
82
The document that is used to acknowledge the acceptance of the return of goods by the seller from the buyer is known as
  • A. credit note
  • B. debit note
  • C. invoice
  • D. voucher
View Answer & Discuss JAMB 1997
83
The effect of the payment of liability is that it
  • A. increase both assets and liabilities
  • B. increase assets and decrease liabilities
  • C. decrease assets and increase liabilities
  • D. decrease both assets and liabilities
View Answer & Discuss JAMB 1997
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
WAEC offline past questions - with all answers and explanations in one app - Download for free
84
Books of original entry are used for
  • A. recording business transactions
  • B. the adjustment of accounts
  • C. reminding the book keeping to post transactions in the ledger
  • D. informing the bookkeeper about the state of affairs
View Answer & Discuss (1) JAMB 1997
85
The term 'posting' in Accounting refers to
  • A. recording entries in the journal
  • B. transferring the balance in the ledger to the trial balance
  • C. tracing amounts from the journal to the ledger to find errors
  • D. transferring entries to the ledger from the journal
View Answer & Discuss JAMB 1997
Start a Free Practice Test
 
Post UTME Past Questions Agent
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 Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076