Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

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 and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
2571

In government accounting , the method used which records on the basis of financial entity with self balancing books instead of entity of propietorship is?

  • A. virement
  • B. fund accounting
  • C. consolidated fund
  • D. financial regulation
View Answer & Discuss JAMB 2018
2572

which of the following  affects the accuracy and authenticity of trial balance? 

  • A. error of ommission
  • B. error of commission
  • C. error of transposition
  • D. error of original entry
View Answer & Discuss JAMB 2018
2573

The major advantages of an imprest system is that it ?

  • A. ensures a proper accountability for every expenditure
  • B. trains the young accountants in the preparation for greater responsibility
  • C. relieves the chief cashier of the numerous petty cash payments
  • D. serves as an analysis column for every expenses
View Answer & Discuss JAMB 2018
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - 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
2574

The value of the current assets will be?

  • A. N10,361
  • B. N10,651
  • C. N17,396
  • D. N17,848
View Answer & Discuss (1) JAMB 2018
Balance sheet (extract)
  N
Creditors 7,940
Prepaid expenses 290
Accrual expenses 323
Stock 4,500
Cash balances 4,956
Debtors 905

Use the information in the above table to answer the question.

2575

Determine the current liabilities.

  • A. N8,553
  • B. N8,263
  • C. N7,940
  • D. N1,228
View Answer & Discuss JAMB 2018
Start a Free Practice Test
 
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now