Jamb Accounts - Principles of Accounts 2012 Past Questions and Answers

Question 41:

• JAMB 2012

The book into which all types of a ministry's expenditure are recorded is the

A. Ledger book
B. Payment book
C. Vote book
D. Expenditure book

Question 42:

• JAMB 2012

The Petroleum Technology Development Fund is under the

A. General fund
B. Contingency fund
C. Trust fund
D. Capital fund

Question 43:

• JAMB 2012

The power to appoint the Auditor General of the Federation is vested in the

A. National Assembly
B. President
C. Judicial Service Commission
D. Civil Service Commission

Question 44:

• JAMB 2012

Given:
Determine the balance

A. 415,000 debit
B. 215,000 credit
C. 215,000 debit
D. 315,000

Question 45:

• JAMB 2012

Given:
From the above information, the gross profit from department X is

A. N3,800
B. N2,300
C. N2,200
D. N2,000