Jamb Accounts - Principles of Accounts 2010 Past Questions and Answers

Question 1:

• JAMB 2010

The major function of accounting bodies in Nigeria is to?

A. Provide proper financial management of businesses
B. Provide good remuneration to the members
C. Promote the ethics of the profession
D. Show the dynamic nature of the profession

Question 2:

• JAMB 2010

The major function of accounting bodies in Nigeria is to?

A. Provide proper financial management of businesses
B. Provide good remuneration to the members
C. Promote the ethics of the profession
D. Show the dynamic nature of the profession

Question 3:

• JAMB 2010

Ledger account is mainly classified into?

A. Nominal, real and personal accounts
B. Fixed and current accounts
C. Management, financial and public sector accounting
D. Bank and cash accounts

Question 4:

• JAMB 2010

If salary account is debited instead of stationary account, the error committed is that of?

A. Commission
B. Omission
C. Principle
D. Compensation

Question 5:

• JAMB 2010

If stationery bought for N200 has been entered as N2000. To correct this error?

A. Debit stationery with N2,200
B. Credit stationery with N1,800
C. Debit stationery with N1,800
D. Credit stationery with N2,200