1
Question 1 of 10
The discount column on the left-hand side of cash book represents a discount
JAMB Accounting Past Questions - Set 9
10 QuestionsMultiple ChoiceFree Practice
About this quiz
This JAMB Accounting Past Questions - Set 9 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 9 covers questions from JAMB exams (2022-2023).
Progress0 / 10 answered
2
Question 2 of 10
Goodwill can be introduced when
3
Question 3 of 10
Which fund is used to meet unforeseen or urgent expenditure
4
Question 4 of 10
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Disposal of assets Which of these constitutes dissolution of partnership?
5
Question 5 of 10
Bello withdraws cash from bank to office, this is called ---------- entry
6
Question 6 of 10
Which of the following is recorded in the folio column of the journal?
7
Question 7 of 10
Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respectively. The information below relates to their business for the year ended 31st December, 2018.
8
Question 8 of 10
Which of the following is prepared to ascertain the trader's capital under incomplete records?
9
Question 9 of 10
The term "accounting period" is used to refer to the
10
Question 10 of 10
Assigning revenues to the accounting period in which goods were sold or services rendered and expenses incurred is known as