Columnar cashbooks - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2006

The use of a three-column cash book is determine by?

A. Cash discounts
B. Trade discounts
C. Cash transactions
D. Bank transactions

Question 7:

• JAMB 2006

On Jan. 30 Khalifa withdraw N2500 from the bank for office use.
The cash balance at end of the month was

A. N1 600
B. N4 100
C. N 6 600
D. N6 100

Question 8:

• JAMB 2008

Given:
................Cash Book........................
Capital..........N6 500........purchases.....N12 250
Sales............N30 000........Rent..........N9 100
................................Motor vehicle.N2 400
Find the bank balance?

A. N71 250 credit
B. N71 250 debit
C. N95 000 credit
D. N95 000 debit

Question 9:

• JAMB 2008

An entry made in bank column of cash book to record movement of cash between the office and the bank is the?

A. Real entry
B. Special entry
C. Direct entry
D. Contra entry

Question 10:

• JAMB 2008

\(\begin{array}{c|c}
\text{Capital} & 12,700 & \text{Purchases} & 7,100 \\
\hline
\text{Debtors} & 4,000 & \text{Stationery} & 1,900 \\
\hline
\text{Sales} & 2,400 & \text{Wages} & 1,230 \\
\end{array}\)
Determine the closing balance of the cash book?

A. N655 credit
B. N655 debit
C. N130 credit
D. N130 debit