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Question 1 of 10
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JAMB Accounting Past Questions - Set 18
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 18 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 18 covers questions from JAMB exams (2020).
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Question 2 of 10
Accrual accounting differs from cash accounting because it recognizes
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Question 3 of 10
The amount of subscriptions accrued is reported in the balance sheet under
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Question 4 of 10
One of the major features of book keeping is that it
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Question 5 of 10
Use the information below to answer this question ₦ Total current assets 2000 Total fixed assets 4000 Current liabilities 1200 Drawings 200 Long term loan 2000
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Question 6 of 10
A major cause of discrepancy between the bank statement and the cashbook that overstates the bank statement balance is the
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Question 7 of 10
The major feature of a journal is that it has
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Question 8 of 10
In the head office ledger, the value of goods sent to the branch are
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Question 9 of 10
Fiyinfoluwa Motors bought three Toyota Hilux vans on cash at the cost of ₦6,000,000 on debiting the vehicle account, the corresponding credit for the purchase will appear in the
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Question 10 of 10
Appropriation Account TAYO TOPE ₦ ₦ interest on capital 750 550 Salaries 800 600 Share of profit 3,300 3,300 Determine the net profits of the partnership