Jamb Accounting Past Questions For Year 2004
Question 21
Given:
General expenses account.
Paid by cheque..................N671
Paid by cash....................N70
Accrued b/f.....................N65
Accrued c/f.....................N115
Determine how much to be charged to profit and loss account?
- A. N606
- B. N786
- C. N791
- D. N856
Question 22
The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively.
The collection from customers during the period was N70,000. What was the total sale on account?
- A. N20,000
- B. N60,000
- C. N80,000
- D. N120,000
Question 23
In a sales ledger, contra entry is found on the?
- A. debit side of the debtors' control account
- B. debit side of the crebtors' control account
- C. creadit side of the debtors' control account
- D. creadit side of the credtors' control account
Question 24
Use the information below to answer questions 17 and 18.
Opening balance.............................N10,640
Purchases...................................N26,912
Returns inwards.............................N492
Returns outwards............................N810
Cash discount received......................N1,348
Cash discount allowed.......................N1,560
Cash paid to suppliers......................N20,808
At the year end, the purchases ledger showed a debit balance of N108.
The total on the debit side of the purchases ledger control account will be?
- A. N22,966
- B. N22,156
- C. N21,834
- D. N21054
Question 25
Opening balance 10,640
Purchases 26,912
Returns inwards 492
Returns outwards 810
Cash disc received 1,348
Cash disc allowed 1560
Cash paid to suppliers 20,808
At the end of the year, the purchase ledger showed a debit balance of N108
The balancing figure in the purchases ledger control account is?
- A. N15,828
- B. N15,720
- C. N14,940
- D. N14,694
