Jamb Accounting Past Questions For Year 2015
Question 11
Which of the following is not a proper form of the accounting equation
- A. fixed assets + current assets - liabilities = capital
- B. fixed assests + current assests + liabilities = capital
- C. fixed assets â liabilities + current assets = capital
- D. fixed asset + current asset â capital = liabilities
Question 12
Which of the following is a debit entry in debtors control account?
- A. discount allowed
- B. return inwards
- C. credit sales
- D. cash from debtors
Question 13
The following account are prepared when goods are sent to branch except
- A. Branch stock
- B. Goods set to branch account
- C. Branch adjustment account
- D. Branch debtors account
Question 14
Sales ledger control account contains the total amount in respect of
- A. creditors
- B. debtors
- C. investors
- D. shareholders
Question 15
The act of making necessary adjustment after comparing the actual cost with targeted cost is cost ----------------------------
- A. conversion
- B. control
- C. allocation
- D. analysis
