Jamb Accounting Past Questions For Year 2014
Question 26
A book of account that possesses the features of both day book and ledger is
- A. sales day book
- B. cash book
- C. purchases day book
- D. returns day book
Question 27
The control account is used in facilitating
- A. the location of errors in the various accounts
- B. up to date bank transactions
- C. the payment of debts and liabilities of the firm
- D. assets distribution with respect to income
Question 28
If goods are sent to to branch at 25% on cost, what will be the cost of goods sent to the branch at a selling price of #100,000?
- A. #130,000
- B. #125,000
- C. #80,000
- D. #75,000
Question 29
In a departmental account, the expenses to be apportioned on the basis of turnover is
- A. carriage inwards
- B. returns outwards
- C. discount recieved
- D. carriage outwards
Question 30
In a departmental account, where no basis of apportionment exist, apportionment is
- A. on profit basis
- B. according to employee decision
- C. according to material available
- D. on equal basis
