Jamb Accounting Past Questions For Year 2004
Question 11
The imprest account is subsidiary to the?
- A. ledger account
- B. bank account
- C. cash book
- D. bank column
Question 12
The receipt whose name appears on a cheque is called a?
- A. payer
- B. drawer
- C. drawee
- D. payee
Question 13
A debit in the suspense accounting will appear in the balance sheet as?
- A. a current asset
- B. a current lability
- C. capital
- D. drawings
Question 14
The rule of accounting equation requires that account payable should be placed under?
- A. liabilities
- B. equities
- C. assets
- D. capital
Question 15
A source document is used for verifying the?
- A. amount due to creditors
- B. actual cost of an asset
- C. selling price of goods
- D. amount due from debtors
