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Accounts - Principles of Accounts Past Questions

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Post UTME Past Questions Agent
2131
CR. DR.
Sales ledger balance 9, 500
Sales ledger balance 420
Bought ledgers balance 6, 115
Bought ledger balance 350
Credit sales 82, 000
Purchases journal 54, 700
Discount allowed 450
Discount received 200
Cash refunded to customers (debtors) 120
Purchases ledger balance 250
Sales ledger balance 120

The amount brought down in the sales ledger control account would be
  • A. N9, N1740; N120
  • B. N90, N990
  • C. N90, N870; N120
  • D. N80, N750
View Answer & Discuss (2) JAMB 2015
2132

The ledger entries to be made if cash sales is banked is debit

  • A. cash, credit sales
  • B. sales, credit cash
  • C. bank, credit cash
  • D. bank, credit sales
View Answer & Discuss JAMB 2015
2133

In a bank reconciliation statement, Dishonoured cheques is added to

  • A. unpresented cheques
  • B. uncredited cheques
  • C. statement of account
  • D. aggregate balanace as per cash book
View Answer & Discuss JAMB 2015
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2134

Which of the following is a debit entry in debtors control account?

  • A. discount allowed
  • B. return inwards
  • C. credit sales
  • D. cash from debtors
View Answer & Discuss (1) JAMB 2015
2135

Which of the following is not a proper form of the accounting equation

  • A. fixed assets + current assets - liabilities = capital
  • B. fixed assests + current assests + liabilities = capital
  • C. fixed assets – liabilities + current assets = capital
  • D. fixed asset + current asset – capital = liabilities
View Answer & Discuss JAMB 2015
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