[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
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
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts

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 Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
326
Given:
(i) Order of performance
(ii) Order of liquidity
(iii)Vertical order
(iv) Horizontal order
The order in which a balance assets is arranged are?
  • A. i and ii
  • B. i and iv
  • C. ii and iii
  • D. iii and iv
View Answer & Discuss JAMB 2003
327
Provision for discount allowed can be recorded as debit to?
  • A. the profit and loss account and a credit to provision for discount allowed
  • B. provision for discount allowed and a credit to the profit and loss account
  • C. discount allowed and a credit to the profit and loss account
  • D. expenses and a credit to customers' account
View Answer & Discuss JAMB 2003
328
In a control account, provision for bad debts is found on the?
  • A. debit side of the purchases ledger control account
  • B. debit side of the sales ledger control account
  • C. credit side of the purchases ledger control account
  • D. credit side of the sales ledger control account
View Answer & Discuss JAMB 2003
WAEC and NECO CBT App for Mobile Devices - 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
Post UTME Past Questions Agent
329
Advertising expenses incurred on a product in a business organization should be charged to?
  • A. production department
  • B. sales department
  • C. administration department
  • D. purchases department
View Answer & Discuss JAMB 2003
330
The stock valuation data is important because it enables management to?
  • A. separate debtors from creditors
  • B. determine the cost of stock at the end of business
  • C. determine the cost of stock at the beginning of business
  • D. determine the total cost of goods purchased
View Answer & Discuss JAMB 2003
Start a Free Practice Test
 
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
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now