Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 741:

• JAMB 2010

If salary account is debited instead of stationary account, the error committed is that of?

A. Commission
B. Omission
C. Principle
D. Compensation

Question 742:

• JAMB 2010

If stationery bought for N200 has been entered as N2000. To correct this error?

A. Debit stationery with N2,200
B. Credit stationery with N1,800
C. Debit stationery with N1,800
D. Credit stationery with N2,200

Question 743:

• JAMB 2010

The account which refers to the tangible assets of a company that is of permanent nature is the?

A. Personal account
B. Real account
C. Nominal account
D. Cash account

Question 744:

• JAMB 2010

Th major feature of an invoice is that, it?

A. Passes information through the sales day book
B. Has cash and bank column
C. Specifies the particular of goods bought
D. Indicates only the cash sales

Question 745:

• JAMB 2010

The source documents include?

A. Cash book
B. Petty cash book
C. General ledger
D. Credit notes