Jamb Accounting Past Questions For Year 2008
Question 36
Goodwill can be in the balance sheet as?
- A. fixed tangible asset
- B. current asset
- C. fictitious asset
- D. liquid asset
Question 37
In partnership dissolution, an asset taken over by a partner is debited to?
- A. partners capital account and credited to realization account
- B. Partners capital account and credited to asset account
- C. asset account and credited to realization account
- D. realization account and credited to capital account
Question 38
The entry in the partnership books of accounts for interest on drawings is to?
- A. credit partners capital account
- B. debit partners capital account
- C. credit drawings account
- D. debit drawings account
Question 39
The Auditor General of the Federation can be removed by the?
- A. National Assembly
- B. Chief Justice
- C. The president
- D. Head of Service
Question 40
Which of the following is among the categories of government cash book?
- A. Receipt cash book
- B. Payment cash book
- C. Petty cash book
- D. Treasury cash book
