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

Question 11:

• JAMB 2008

Given:
Sales.....................N4000
Light expenses............N2900
Rent......................N1500
Purchases.................N7500
Debtors...................N6000
Creditors.................N29000
Drawings..................N25
Bank......................N400
General expenses..........N1500
Calculate the total of trial balance?

A. N64 300
B. N46 825
C. N41 850
D. N33 325

Question 12:

• JAMB 2009

Given:
Capital...............................N2375 000
Debtors...............................N495 000
Motor vehicle.........................N870 000
Creditors.............................N245 000
Prepayment............................N500 000
Bills receivable......................N505 000
Furniture.............................N150 000
What is the total debit for the trial balance?

A. N4 690 000
B. N2 620 000
C. N2 520 000
D. N1 565 000

Question 13:

• JAMB 2011

In a trial balance, income and liabilities are?

A. Debited and credited respectively
B. Credited
C. Credited and debited respectively
D. Debited

Question 14:

• JAMB 2011

The principle of double entry system ensures?

A. Mathematical accuracy in trial balance
B. Balances at the bank
C. Increase in the assets and liabilities
D. Balance of cash account

Question 15:

• JAMB 2011

Given:
Light expenses...................N400
Purchases........................N3,000
Sales............................N1,200
Creditors........................N2,250
Debtors..........................N50
Calculate the total of the trial balance?

A. N4,250
B. N3,500
C. N4,300
D. N3,450