Jamb Accounts - Principles of Accounts 2010 Past Questions and Answers

Question 6:

• JAMB 2010

The account which refers to the tangible assets of a company that is of permanent nature is the?

A. Personal account
B. Real account
C. Nominal account
D. Cash account

Question 7:

• JAMB 2010

Th major feature of an invoice is that, it?

A. Passes information through the sales day book
B. Has cash and bank column
C. Specifies the particular of goods bought
D. Indicates only the cash sales

Question 8:

• JAMB 2010

The source documents include?

A. Cash book
B. Petty cash book
C. General ledger
D. Credit notes

Question 9:

• JAMB 2010

A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the?

A. Commission paid
B. Interest received
C. Direct payment
D. Direct withdrawal

Question 10:

• JAMB 2010

The bank charges levied on a current account holder is the charge on?

A. Transaction
B. Turnover
C. Transfer
D. Cash received