2008 - JAMB Accounting Past Questions and Answers - page 1
One of the major features of bookkeeping is that it?
Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results?
A financial analyst needs accounting information to?
One basic assumption of the double entry theory is that it allows?
Given:
Sales.....................N4000
Light expenses............N2900
Rent......................N1500
Purchases.................N7500
Debtors...................N6000
Creditors.................N29000
Drawings..................N25
Bank......................N400
General expenses..........N1500
Calculate the total of trial balance?
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit?
Use the information below to answer questions .
(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.
Determine the fixed assets?
Use the information below to answer questions .
(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.
What are the current assets?
Given:
................Cash Book........................
Capital..........N6 500........purchases.....N12 250
Sales............N30 000........Rent..........N9 100
................................Motor vehicle.N2 400
Find the bank balance?
An entry made in bank column of cash book to record movement of cash between the office and the bank is the?