1
Question 1 of 10
The expenses incurred in purchasing a vehicle is a
JAMB Accounting Past Questions - Set 43
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 43 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 43 covers questions from JAMB exams (2013-2014).
Progress0 / 10 answered
2
Question 2 of 10
Payment for shares in excess of amount offered gives rise to
3
Question 3 of 10
The details of the share capital which a company is authorized to issue is contained in the
4
Question 4 of 10
#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full on application. The entry in the cash book would be to
5
Question 5 of 10
Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application and allotment were received for 900,000 shares at 25k each. Determine the amount received on application and allotment
6
Question 6 of 10
The account of government into which all monies are received and from which all expenditures are disbursed is the
7
Question 7 of 10
In government accounting, the method used which records on the basis of financial entity with self-balancing books instead of entity of proprietorship is
8
Question 8 of 10
Accounting information seeks to provide
9
Question 9 of 10
When the debit side total of an account, it means that the account has
10
Question 10 of 10
July 1 - Started business with #10,500 July 31- Paid Agromachinex #6,000 owing them The double entry for July 1 would be