Jamb Accounts - Principles of Accounts 2012 Past Questions and Answers

Question 6:

• JAMB 2012

Akirika bought a motor van for his business by cash. The entries are to debit

A. Motor van and credit Akirika
B. Sales and credit Akrika
C. Motor van and credit cash
D. Cash and credit motor van

Question 7:

• JAMB 2012

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
In the book of Ibrahim, the entry to record the transaction would be to debit

A. Sugar account #12,000 and credit Jide #12,000
B. Jide #12,000 and credit sales account #12,000
C. Ibrahim #12,000 and credit Jide #12,000
D. Sugar account #12,000 and credit Ibrahim #12,000

Question 8:

• JAMB 2012

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
The record in Jide's book would be to debit

A. Purchases #12,000 and credit Ibrahim #12,000
B. Purchases #12,000 and credit sugar account #12,000
C. Jide #12,000 and credit purchases
D. Ibrahim #12,000 and sugar account #12,000

Question 9:

• JAMB 2012

In a three-column cash book, dishonored cheques will be shown on the

A. Bank column (debit)
B. Bank column(credit)
C. Cash column(debit)
D. Cash column(credit)

Question 10:

• JAMB 2012

Cash can be drawn from the bank using

A. A bank teller
B. A credit card
C. A recharge card
D. ATM card