Jamb Accounting Past Questions For Year 2012
Question 21
Purchasers ledger control account can also be referred to as
- A. sales day book
- B. purchasers day book
- C. creditors legder
- D. debtors ledger
Question 22
In sales ledger control account, returns inwards is usually
- A. debited and debtors credited
- B. credited and sales returns debited
- C. debited and cash credited
- D. credited and bank credited
Question 23
In the head office ledger, the value of goods sent to the branch are
- A. debited to the head office current account
- B. debited to the branch current account
- C. credited to the head office current account
- D. credited to the branch current account
Question 24
Given:
Fixtures-#30,000
Debtors-#7,000
Stock- #8,000
Creditors-#3,000
Goodwill-#10,000
Determine the capital
- A. #10,000
- B. #42,000
- C. #45,000
- D. #52,000
Question 25
The excess revenue over expenditure is charged to
- A. profit and loss
- B. revenue account
- C. accumulated fund
- D. income and expenditure acccount
