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Question 1 of 10
Which of the following is a debit item in the purchase ledger control account?
JAMB Accounting Past Questions - Set 17
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 17 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 17 covers questions from JAMB exams (2020-2021).
Progress0 / 10 answered
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Question 2 of 10
Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit
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Question 3 of 10
In preparing accounting records, the owners of a business and the business are treated as
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Question 4 of 10
₦ Bank account 59,410 Capital account 50,000 Purchases account 20,000 Rent 2,500 Stationery 90 Typewriter 6,500 Sales 38,500
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Question 5 of 10
Use this information below to answer this question
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Question 6 of 10
Which of the following errors will affect the trial balance total?
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Question 7 of 10
Danjuma Ltd. bought 10 bags of rice for N500 each. The company was given 5% and 12% trade and cash discounts respectively. What will be recorded as discount received in the company's book?
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Question 8 of 10
Given ₦ Stock (1/4/94) 800 Purchases of flour 2,450 Sales 4,745 Wages of bakery staff 675 Carriage outwards 50 Salary of administrative staff 225 Stock (31/3/95) 940 Capital 1,540
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Question 9 of 10
In a control account, provision for bad debts is found on the
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Question 10 of 10
The rule of accounting equation requires that account payable should be placed under