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Question 1 of 10
If stationery bought for N200 has been entered as N2000. To correct this error?
JAMB Accounting Past Questions - Set 56
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 56 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 56 covers questions from JAMB exams (2010).
Progress0 / 10 answered
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Question 2 of 10
The account which refers to the tangible assets of a company that is of permanent nature is the?
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Question 3 of 10
Th major feature of an invoice is that, it?
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Question 4 of 10
The source documents include?
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Question 5 of 10
A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the?
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Question 6 of 10
The bank charges levied on a current account holder is the charge on?
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Question 7 of 10
The course of discrepancies between the bank statement and the cash book that overstates the cash book is the?
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Question 8 of 10
Use the information below to answer question Sales....................................N10,900 Stock 1/1................................N1, 000 Stock 31/12..............................N2, 000 Purchases................................N4, 000 Returns outwards.........................N800 Returns inwards..........................N600 Carriage outwards........................N300 Carriage inwards.........................N200 Find the gross profit.
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Question 9 of 10
Benefit enjoyed for which payments have not been made are?
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Question 10 of 10
Use the information below to answer questions Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad debt at 4% of sundry debtors. Determine the provision for bad debts to profit and loss account?