2010 - JAMB Accounting Past Questions and Answers - page 2
11
What is the balance c/d?
A
N333 000
B
N234 000
C
N343 000
D
N243 000
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12
Calculate the value of credit sales
A
N484 000
B
N448000
C
N584 000
D
N558 000
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13
A
N20
B
N40
C
N60
D
N4
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14
A
N2760
B
N4 300
C
N6 200
D
N2.400
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15
The major function of accounting bodies in Nigeria is to?
A
provide proper financial management of businesses
B
provide good remuneration to the members
C
promote the ethics of the profession
D
show the dynamic nature of the profession
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16
Ledger account is mainly classified into?
A
nominal, real and personal accounts
B
fixed and current accounts
C
management, financial and public sector accounting
D
bank and cash accounts
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17
If salary account is debited instead of stationery account, the error committed is that of?
A
commission
B
omission
C
principle
D
compensation
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18
If stationery bought for N200 has been entered as N2000. To correct this error?
A
debit stationery with N2,200
B
credit stationery with N1,800
C
debit stationery with N1,800
D
credit stationery with N2,200
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19
The account which refers to the tangible assets of a company that is of permanent nature is the?
A
personal account
B
real account
C
nominal account
D
cash account
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20
Th major feature of an invoice is that, it?
A
passes information through the sales day book
B
has cash and bank column
C
specifies the particular of goods bought
D
indicates only the cash sales
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