Cashbook - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 51:

• JAMB 2018

The fixed amount of money given to a petty cashier at the beginning of a period is called?

A. Imprest
B. Float
C. Cash advance
D. Cash

Question 52:

• JAMB 2021

The corresponding entry of personal accounts found in the debit side of the cashbook is to

A. Credit real accounts
B. Credit the ledger
C. Debit real accounts
D. Debit the ledger