Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 1146:

• JAMB 2017

Subscription in advance is treated in the balance sheet as a

A. Current asset
B. Current liability
C. Fixed asset
D. Long term liability

Question 1147:

• JAMB 2017

Which of these is a content of a master file?

A. All records relevant to the organisation.
B. Records of assets of the organisation
C. A collection of data items
D. All records relating to employees

Question 1148:

• JAMB 2017

An evidence of payment issued to a government ministry by a revenue collector is

A. Treasury receipt
B. Receipt voucher
C. Payment voucher
D. Treasury card

Question 1149:

• JAMB 2017

A part of public company's profits belonging to the shareholders is

A. Public issue
B. Bonus
C. Right issue
D. Dividends

Question 1150:

• JAMB 2018

What is the amount of capital employed?

A. ₦7000
B. ₦10000
C. ₦22000
D. ₦15000