Jamb Accounting Past Questions For Year 2011

Question 41

Which of the following can be used on admission of a new partnership?

jamb 2011

  • A. Revaluation account
  • B. Profit account
  • C. Capital account
  • D. Trading account
View Answer and Explanation

Question 42

The interest on Keme's drawings is calculated as?

jamb 2011

  • A. N200
  • B. N150
  • C. N300
  • D. N100
View Answer and Explanation

Question 43

Which of the following signs general warrant for the release of money from the consolidated revenue fund?

jamb 2011

  • A. Minister of Finance
  • B. Chairman, Economic Advisory Committee
  • C. Permanent secretary
  • D. Minister of Economic Planning
View Answer and Explanation

Question 44

The chief accounting officer of a local government is the?

jamb 2011

  • A. Chairman
  • B. Treasurer
  • C. Director of personnel
  • D. Auditor
View Answer and Explanation

Question 45

Which of the following is a signatory to federal government account?

jamb 2011

  • A. Auditor-General
  • B. Governor of Central Bank
  • C. Accountant-General
  • D. Persident
View Answer and Explanation