Jamb Accounting Past Questions For Year 2011
Question 1
In a trial balance, income and liabilities are?
- A. debited and credited respectively
- B. credited
- C. credited and debited respectively
- D. debited
Question 2
The historical development of accounting reveals that it?
- A. deals with debit and credit of items
- B. is a product of financial development
- C. is a product of its own evironmnent
- D. is an ideal subject for finacial development
Question 3
The medium of correcting errors whose differences are shown in the trial balance is by the use of?
- A. debtors' account
- B. creditor's account
- C. suspense account
- D. ledger account
Question 4
The major feature of a journal is that it has?
- A. six columns, date, particulars, folio, amount, debit and credit
- B. five columns, date particulars, folio, debit and credit
- C. three columns, date particulars and folio
- D. four columns, date particulars, folio and amount
Question 5
Given:
Light expenses...................N400
Purchases........................N3,000
Sales............................N1,200
Creditors........................N2,250
Debtors..........................N50
Calculate the total of the trial balance?
- A. N4,250
- B. N3,500
- C. N4,300
- D. N3,450
