Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 1051:

• JAMB 2015

Which of the following is not a feature of accounting information?

A. Timeliness
B. Accuracy
C. Completeness
D. Affordability

Question 1052:

• JAMB 2015

The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is

A. Periodicity
B. Business entity
C. Dual aspect
D. Going concern

Question 1053:

• JAMB 2016

Balance as per cashbook 2, 970
Bank Charges 220
Unpresented cheques 3, 950
Uncredited cheques 4, 178
Direct debit by bank 1, 0000
Determine the balance as per bank statement.

A. # 1,978
B. # 1962
C. # 1,522
D. # 2,522

Question 1054:

• JAMB 2016

Balance as per cashbook 2, 970
Bank Charges 220
Unpresented cheques 3, 950
Uncredited cheques 4, 178
Direct debit by bank 1, 0000
Determine the balance as per bank statement.

A. # 1,978
B. # 1962
C. # 1,522
D. # 2,522

Question 1055:

• JAMB 2016

The records of Superstores shows a loan of #14,000 from Bala,creditor #8,000 and assets #190,500. What is the firm's capital?

A. #184, 000
B. #196,500
C. #212,000
D. #168,500