Jamb Accounting Past Questions For Year 2010
Question 31
The rules which govern the internal management of a firm and its financial affairs in a partnership business is a?
- A. memorandum
- B. bye-law
- C. deed
- D. financial regulation
Question 32
The salary of a partner is usually debited to the?
- A. sundry debtors' account
- B. appropriation account
- C. profit and loss account
- D. sundry current account
Question 33
Which of the following is mostly used in treating partners' current earnings?
- A. Savings account
- B. Current account
- C. Capital account
- D. Share capital account
Question 34
Goods returned to branch by customers is recorded in the head office books be debiting?
- A. bank account and crediting branch stock account
- B. goods sent to branch account and crediting branch debtors''account
- C. branch stock account and crediting branch debtors account
- D. branch debtors' and credting cash acount
Question 35
The financial plan of the government for a year is contained in the?
- A. budget
- B. cash analysis book
- C. vote book
- D. gazette
