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Accounts - Principles of Accounts Past Questions

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2316
What is the balance carried down?
  • A. N11,680
  • B. N11,930
  • C. N12,330
  • D. N13,430
View Answer & Discuss JAMB 2014
2317
The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal

The Correct closing balance for Musa's current account is
  • A. N36 000 Credit
  • B. N16 600 credit
  • C. N16 600 debit
  • D. N1 800 credit
View Answer & Discuss JAMB 1997
2318
The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal]

The correct closing balance for lawal's current account is
  • A. N21 100 debit
  • B. N14 740 debit
  • C. N14 740 credit
  • D. N540 credit
View Answer & Discuss JAMB 1997
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2319
Balance as per cashbook 2, 970
Bank Charges 220
Unpresented cheques 3, 950
Uncredited cheques 4, 178
Direct debit by bank 1, 0000

Determine the balance as per bank statement.
  • A. # 1,978
  • B. # 1962
  • C. # 1,522
  • D. # 2,522
View Answer & Discuss (4) JAMB 2016
2320

The records of Superstores shows a loan of #14,000 from Bala,creditor #8,000 and assets #190,500. What is the firm's capital?

  • A. #184, 000
  • B. #196,500
  • C. #212,000
  • D. #168,500
View Answer & Discuss (1) JAMB 2016
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