Jamb Accounts - Principles of Accounts 2001 Past Questions and Answers

Question 1:

• JAMB 2001

The current growth in the volume of trading and financial dealings in Nigeria is helped by?

A. Increased financial activities
B. Government intervention
C. Credit as a factor in business
D. Payment for goods in cash

Question 2:

• JAMB 2001

The current growth in the volume of trading and financial dealings in Nigeria is helped by?

A. Increased financial activities
B. Government intervention
C. Credit as a factor in business
D. Payment for goods in cash

Question 3:

• JAMB 2001

Cost accounting entails the provision of information?

A. For investment purposes
B. For descision making
C. To shareholders
D. To stockholders

Question 4:

• JAMB 2001

The main objective of accounting report is to provide information about?

A. A company's shareholding
B. An entity's management
C. The efficacy of assets
D. A company's economic resources

Question 5:

• JAMB 2001

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would be?

A. N2,241
B. N2,214
C. N2,141
D. N2,114