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Accounts - Principles of Accounts Past Questions

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2191
Trade creditors account was maintained at 25% of the capital.

What was the balance in the trade creditors account as at 31/12/92?
  • A. N 29 800
  • B. N 29 500
  • C. N29 400
  • D. N 29 000
View Answer & Discuss JAMB 1995
2192
What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with
  • A. N 3 000 and show wages accrued N 500 in the balance sheet
  • B. N2 000 and show wages accrued N500 in the balance sheet
  • C. N 3 000 and show wages perpaid N 500 in the balance sheet
  • D. N 2000 and show wages paid in advance N500 in the balace sheet
View Answer & Discuss (1) JAMB 1995
2193
The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with
  • A. N 3000 and show wages accrued N 500 in the balance sheet in the balance sheet
  • B. N 2 000 and show wages accured N500 in the balance sheet
  • C. N 3000 and show wages prepaid N 500 in the balance sheet
  • D. N 2000 and show wages paid in advance N 500 in the balance sheet
View Answer & Discuss JAMB 1995
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2194
What is the balance of the bank account shown above?
  • A. N88 500 debit
  • B. N 88 500 credit
  • C. N 59 410 credit
  • D. N 59 410 debit
View Answer & Discuss JAMB 1997
2195
In analyzing incomplete records, which of the following should be investigated?
  • A. the general ledger
  • B. the purchases day book and sales day book
  • C. the nature of trading activities and the basis on which goods are sold
  • D. the asset register together with the depreciation schedule
View Answer & Discuss JAMB 1997
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