Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 626:

• JAMB 2007

Use the information below to answer questions
Balance as per cash book................N13560
Unpresented cheques.....................N5120
Uncredited lodgements...................N2300
Dividend received not entered
in the cash book........................N2000
Bank charges............................N280
Standing order payments.................N600
Balance as per bank statement............?
Calculate the balance in the bank statement.

A. N14 680
B. N15 560
C. 17 500
D. 16 380

Question 627:

• JAMB 2007

Use the information below to answer questions
Balance as per cash book................N13560
Unpresented cheques.....................N5120
Uncredited lodgements...................N2300
Dividend received not entered
in the cash book........................N2000
Bank charges............................N280
Standing order payments.................N600
Balance as per bank statement............?
What is the adjusted cash book balance?

A. N14 680
B. N15 560
C. N16 440
D. N17 000

Question 628:

• JAMB 2007

The fourth stage of the accounting information system is?

A. Recording
B. Interpreting
C. Summarizing
D. Classifying

Question 629:

• JAMB 2007

Use the information below to answer questions
Given:
Returns inwards............N1500
cash.......................N1550
Discount...................N2850
Capital....................N3800
Debtors....................N900
Sundry.....................N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors.
How much is sundry expenses?

A. N2700
B. N2250
C. N1550
D. N2000

Question 630:

• JAMB 2007

Use the information below to answer questions
Given:
Returns inwards............N1500
cash.......................N1550
Discount...................N2850
Capital....................N3800
Debtors....................N900
Sundry.....................N?
The value of sundry expenses is 150% of returns inwards plus 50% of debtors
The total of the trial balance is?

A. N6600
B. N6650
C. N5600
D. N5900