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Question 1 of 10
A part of public company's profit belonging to the shareholders is
JAMB Accounting Past Questions - Set 6
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 6 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 6 covers questions from JAMB exams (2023).
Progress0 / 10 answered
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Question 2 of 10
Accounting entry for dissolution expenses is
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Question 3 of 10
One of the options below is not the source of income for non - profit organization
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Question 4 of 10
Which of these is the main source document for recording cash paid into bank?
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Question 5 of 10
# Stock Jan 1 2600 Purchases 4000 Carriage inwards 500 Sales 9000 Carriage outwards 500 Determine the net profit
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Question 6 of 10
Subscription in advance is treated in the balance sheet as a
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Question 7 of 10
₦ Balance as per cash book 5467 Uncredited cheques 4410 Unpresented cheques 19404 The balance as per bank statement is
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Question 8 of 10
When goods are received from head office, head office will be credited while
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Question 9 of 10
Changes in the profit sharing ratio may occur as a result of I. skill contributed by partners II. health status III. old age IV. Intangible asset increase
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Question 10 of 10
Given: I. Cash refunds II. Debit note issued III. Dishnoured cheque IV. Purchases The item on the credit side of purchase ledger control account includes