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Accounts - Principles of Accounts Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2511
Which of these is a content of a master file?
  • A. All records relevant to the organisation.
  • B. Records of assets of the organisation
  • C. A collection of data items
  • D. All records relating to employees
View Answer & Discuss JAMB 2017
2512
An evidence of payment issued to a government ministry by a revenue collector is
  • A. treasury receipt
  • B. receipt voucher
  • C. payment voucher
  • D. treasury card
View Answer & Discuss JAMB 2017
2513
A part of public company's profits belonging to the shareholders is
  • A. public issue
  • B. bonus
  • C. right issue
  • D. dividends
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2514
When expenses are paid on behalf of the venture, the accounting entries is to debit
  • A. bank account and credit joint venture account
  • B. expenses account and credit bank account
  • C. joint venture account and credit expenses account
  • D. joint venture account and credit bank account
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2515

What is the amount of capital employed?

  • A. ₦7000
  • B. ₦10000
  • C. ₦22000
  • D. ₦15000
View Answer & Discuss JAMB 2018
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