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Jamb Accounts - Principles of Accounts Past QuestionsQuestion 1101:Which of these accounts is dissolution expenses credited? A. Partners capital account B. Revaluation account C. Partners current account D. Realization account Question 1102:Capital for a profit making organization is generated through A. Subscription B. Shares C. Donation D. Gift Question 1103:The account where the profit are distributed to the partner in their profit sharing ratio in partnership A. Trading account B. Appropriation account C. Balance sheet D. Profit and loss account Question 1104:In manufacturing account, depreciation of office machine is charged to A. Trading account B. Appropriation account C. Balance street D. Profit and loss account Question 1105:Given: I. Cash refunds II. Debit note issued III. Dishonored cheque IV. Purchases The item on the credit side of purchases ledger control account includes A. I,II and III only B. I and II only C. III and IV only D. I, III and IV only |
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