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Question 1 of 10
The objective of departmental account is to
JAMB Accounting Past Questions - Set 35
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 35 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 35 covers questions from JAMB exams (2015-2016).
Progress0 / 10 answered
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Question 2 of 10
Which of the following expenses relate to the profit and loss account of a manufacturing firm?
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Question 3 of 10
The difference between book keeping and accounting is that while
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Question 4 of 10
Alaka who owed Saka N15,000, settled his debt after deducting cash discount of 10%. To record the discount in the book of Saka, debit
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Question 5 of 10
If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?
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Question 6 of 10
The yearly depreciation using the straight line method would be?
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Question 7 of 10
An expenses is said to be revenue in nature if it
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Question 8 of 10
An entry in a subsidiary book which does not form part of the double entry system is a
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Question 9 of 10
Determine wage expenses from the given information, wages outstanding at the beginning, wages paid during the period 15000 and wages outstanding of the period 2,000
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Question 10 of 10
Which method of pricing can be used satisfactorily in either rising or falling price situation?