Jamb Accounting Past Questions For Year 2013
Question 1
The total credit sales for a period can be extracted from the
- A. cash book
- B. sales day book
- C. petty cash book
- D. returns inwards
Question 2
July 1 - Started business with #10,500
July 31- Paid Agro machine x #6,000 owing them
The double entry for July 31 would be
- A. debit Agromachinex and credit cash
- B. debit equipment and credit Agromachinex
- C. credit capital and debit cash
- D. credit cash and debit purchases
Question 3
July 1 - Started business with #10,500
July 31- Paid Agromachinex #6,000 owing
them
The double entry for July 1 would be
- A. debit capital and credit cash
- B. credit cash and debit bank
- C. debit cash and credit capital
- D. debit purchases and credit cash
Question 4
When the debit side total of an account, it means that the account has
- A. been overdrawn
- B. been understand
- C. debit balance
- D. credit balance
Question 5
Accounting information seeks to provide
- A. permanent records for all transactions
- B. analysis of accounts to trade debtors
- C. audited reports on the accounts of a company
- D. data about the employees of a company
