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Jamb 2023 Accounts - Principles of Accounts Past QuestionsQuestion 6:The purchases ledger control account is also known as ____________ A. Bill payable control account B. Credit purchase control account C. Creditors control account D. Total purchase Question 7:The Accounting term used to describe a partnership firm that stops operation and disposes its assets is ____________ A. Amortization B. Revaluation C. Realization D. Dissolution Question 8:Income and Expenditure account is the same as the ____________ of a sole trader A. Balance sheet B. Trading account C. Profit and loss account D. Cash book Question 9:In company account, dividend payments are effected in which of the following accounts? A. Realization B. Current C. Appropriation D. Capital Question 10:The following was extracted from the books of MEGA COMPANY NIG. LTD
The working capital of the company is ____________ A. ₦156,000 B. ₦280,000 C. ₦565,000 D. ₦256,500 |
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