Jamb Accounting Past Questions For Year 2005
Question 11
The double principle of accounting was developed by?
- A. Frank Wood
- B. Luca Pacioli
- C. Akintola Williams
- D. William Pickles
Question 12
five hundred naria monthly is allowed on an imprest system. The following transactions took place.
Period1:
Cash advanced to petty cashier......N500
Petty cashier paid out: stamp.......N200
Newspaper...........................N250
Period 2:
Cash to petty cashier...............N450
Cashier paid for writing materials..N350
What was the balance of cash with the petty cashier ata the end of period 1?
- A. N50
- B. N200
- C. N300
- D. N450
Question 13
five hundred naria monthly is allowed on an imprest system. The following transactions took place.
Period1:
Cash advanced to petty cashier......N500
Petty cashier paid out: stamp.......N200
Newspaper...........................N250
Period 2:
Cash to petty cashier...............N450
Cashier paid for writing materials..N350
How much should the petty cashier receive after period 2?
- A. N150
- B. N250
- C. N350
- D. N500
Question 14
Yahya,s bank account shows a credit balance of N1500,000. He paid N1700,000 into the bank.
What is his expected balance?
- A. Credit balance of N 200,000
- B. Debit balance of N 200,000
- C. credit balance of N 3 200,000
- D. Debit balance of N3 200,000
Question 15
Mr Bassey purchased a motor vehicle for use in his business and debited the purchases account with the same value. This is an error of?
- A. omission
- B. principle
- C. commission
- D. original entry
