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Question 1 of 10
When shares are sold at more than the par value, they are said to have been issued at
JAMB Accounting Past Questions - Set 39
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 39 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 39 covers questions from JAMB exams (2014-2015).
Progress0 / 10 answered
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Question 2 of 10
Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 53,000; creditors at the beginning 4000; creditors at the end 2,000
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Question 3 of 10
Which of the following is shown in the profit and loss appropriation account of a company
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Question 4 of 10
Use the information below to answer this question. Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabilities amounted to N 640,000 The double entry to record the goodwill in the books is debt
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Question 5 of 10
The income and expenditure account of a club is the same as
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Question 6 of 10
Goods stolen at the branch is debited to
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Question 7 of 10
Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements are known as ---------------------
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Question 8 of 10
Which of the following cannot be realized?
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Question 9 of 10
If a trail balance is in agreement, one of the statement is untrue
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Question 10 of 10
One of the the differences between bookkeeping and accounting is that the former