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Question 1 of 10
The cash bass of accounting requires the recognition of revenue only when they are
JAMB Accounting Past Questions - Set 13
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 13 quiz contains 10 multiple choice questions designed to help you revise and test your Financial Accounting knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!
Description
Practice with real JAMB/WAEC Accounting past questions. Test your knowledge of bookkeeping, financial statements, and accounting principles. Set 13 covers questions from JAMB exams (2022).
Progress0 / 10 answered
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Question 2 of 10
The amount of individual items on a government budget is called
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Question 3 of 10
which of the following factors has aided the development of accounting?
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Question 4 of 10
Which of the following concept stipulates that accounting profit is the difference between revenue and expenses?
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Question 5 of 10
An effective accounting system should provide information
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Question 6 of 10
Which of the following accounting records are source documents?
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Question 7 of 10
Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure.
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Question 8 of 10
Which of the following transaction is BEST recorded in the general journal?
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Question 9 of 10
Diamond Ringo business was started when Mr. Diamond brought in a cheque of N500,000, which was paid into the bank account. Which of the following entries properly records the transaction?
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Question 10 of 10
One major advantage of ledger is that it