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Question 1 of 10
The ledger entries to be made if cash sales is banked is debit
JAMB Accounting Past Questions - Set 37
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 37 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 37 covers questions from JAMB exams (2015).
Progress0 / 10 answered
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Question 2 of 10
In a bank reconciliation statement, Dishonoured cheques is added to
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Question 3 of 10
Which of the following is a debit entry in debtors control account?
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Question 4 of 10
Which of the following is not a proper form of the accounting equation
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Question 5 of 10
The accounting convention that state that, stock should be value that the lower of cost and net realized value is --------------- convention
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Question 6 of 10
What does liquidity ratio measure?
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Question 7 of 10
Derive the stock turnover period.(Average stock = 23,000. Cost of sales = 300,000 year = 365 days).
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Question 8 of 10
The following accounting entries are made when bad debt is recovered
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Question 9 of 10
One of the items listed below will not be found in a company’s memorandum and article of association. Which is it?
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Question 10 of 10
The act of making necessary adjustment after comparing the actual cost with targeted cost is cost ----------------------------