Jamb Accounting Past Questions For Year 2011
Question 41
Which of the following can be used on admission of a new partnership?
- A. Revaluation account
- B. Profit account
- C. Capital account
- D. Trading account
Question 42
The interest on Keme's drawings is calculated as?
- A. N200
- B. N150
- C. N300
- D. N100
Question 43
Which of the following signs general warrant for the release of money from the consolidated revenue fund?
- A. Minister of Finance
- B. Chairman, Economic Advisory Committee
- C. Permanent secretary
- D. Minister of Economic Planning
Question 44
The chief accounting officer of a local government is the?
- A. Chairman
- B. Treasurer
- C. Director of personnel
- D. Auditor
Question 45
Which of the following is a signatory to federal government account?
- A. Auditor-General
- B. Governor of Central Bank
- C. Accountant-General
- D. Persident