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Question 1 of 10
Given: Determine the balance
JAMB Accounting Past Questions - Set 51
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 51 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 51 covers questions from JAMB exams (2011-2012).
Progress0 / 10 answered
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Question 2 of 10
Given: From the above information, the gross profit from department X is
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Question 3 of 10
The 5% discount shown above indicates
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Question 4 of 10
The historical development of accounting reveals that it?
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Question 5 of 10
In a trial balance, income and liabilities are?
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Question 6 of 10
The principle of double entry system ensures?
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Question 7 of 10
i) Deducted the smaller side figure from the bigger side figure . ii) Add up both side iii)Take the difference to the smaller and add to the smaller figure The correct procedure for balancing account is?
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Question 8 of 10
Given: Light expenses...................N400 Purchases........................N3,000 Sales............................N1,200 Creditors........................N2,250 Debtors..........................N50 Calculate the total of the trial balance?
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Question 9 of 10
The major feature of a journal is that it has?
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Question 10 of 10
The medium of correcting errors whose differences are shown in the trial balance is by the use of?