Trial balance - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2005

Given:
Rent..............N10,000
Rates.............N5,000
Capital...........N50,000
Salaries..........N14,000
Cash..............N26,000
Creditors..........N5,000
The total trial balance is?

A. N110,000
B. N65,000
C. N55,000
D. N45,000

Question 7:

• JAMB 2005

What are the appropriate recording procedures for entries in the trial balance?

A. Source documents, ledgers and trial balance
B. Ledgers, trial balance and source documents
C. Ledgers, source documents and trial balance
D. Cash account, ledgers and trial balance

Question 8:

• JAMB 2006

Use the information below to answer question
Capital.................................N60 000
Bank....................................N12 500
General expenses........................N5 250
Creditors...............................N17 000
Stock...................................N98 500
Fixed assets............................N42 000
Insurance and rates.....................N18 800
Purchase................................N63 850
Determine the total of the trial balance?

A. N123 325
B. N160 050
C. N166 525
D. N326 575

Question 9:

• 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

Question 10:

• JAMB 2007

Given:
Bank overdraft..............N2000
Cash........................N2000
Furniture...................N4000
Calculate the total amount on the credit side of the trial balance?

A. N4000
B. N2000
C. N6000
D. N8000