Control Accounts and Self-balancing Ledgers - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 46:

• JAMB 2015

Sales ledger control account contains the total amount in respect of

A. Creditors
B. Debtors
C. Investors
D. Shareholders

Question 47:

• JAMB 2016

The total cash and cheques received from customers in a control account is derived from the

A. Income and expenditure account
B. Cashbook
C. Purchases day book
D. Sales journal

Question 48:

• JAMB 2016

Which of the foloowing is a credit item in creditors ledger control account?

A. Returns outwards
B. Discount Received
C. Bad debts
D. Purchases

Question 49:

• JAMB 2016

Purchases can be ascertained through the preparation of a

A. Stock account
B. Sales account
C. Total debtors control account
D. Total creditors control account

Question 50:

• JAMB 2017

Given:
I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes

A. I,II and III only
B. I and II only
C. III and IV only
D. I, III and IV only