Jamb Accounts - Principles of Accounts Past QuestionsQuestion 746:A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the? A. Commission paid B. Interest received C. Direct payment D. Direct withdrawal Question 747:The bank charges levied on a current account holder is the charge on? A. Transaction B. Turnover C. Transfer D. Cash received Question 748:The course of discrepancies between the bank statement and the cash book that overstates the cash book is the? A. Dividend received B. Uncredited expenses C. Uncredited cheques D. Interest on lodgement Question 749: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 750:Use the information below to answer question Sales....................................N10,900 Stock 1/1................................N1, 000 Stock 31/12..............................N2, 000 Purchases................................N4, 000 Returns outwards.........................N800 Returns inwards..........................N600 Carriage outwards........................N300 Carriage inwards.........................N200 Find the gross profit. A. N7 800 B. N7 900 C. N9700 D. 5700 |
|
| ||||||
Disclaimer All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy |