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Question 1 of 10
A proprietor withdraws cash from the business for private use, he
JAMB Accounting Past Questions - Set 24
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 24 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 24 covers questions from JAMB exams (2018-2019).
Progress0 / 10 answered
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Question 2 of 10
The rules of double entry states that
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Question 3 of 10
The difference between double entry and single entry is
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Question 4 of 10
A rent of ₦50,000 was paid by samson to his landlady by cheque. The double entry in Samson's book is
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Question 5 of 10
The purpose of profit and loss account is to ascertain
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Question 6 of 10
Discount received is charge to
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Question 7 of 10
What is the amount of capital employed?
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Question 8 of 10
When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________
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Question 9 of 10
The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________
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Question 10 of 10
Use the information below to answer question