Books of original entry - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2005

The journal entries for the purchase of stock on credit are to debit?

A. Stock account and credit cash account
B. Stock account and credit liability account
C. Ourchase account and credit liability account
D. Suspense account and credit cash account

Question 17:

• JAMB 2006

Which of the following is a journal as well as a ledger?

A. Nominal ledger
B. Sales day book
C. General ledger
D. Cash book

Question 18:

• JAMB 2007

Journal proper is used in recording?

A. Transactions that are not regular
B. Returns from customers
C. Credit sales
D. The receipt and payment for money

Question 19:

• JAMB 2011

The major feature of a journal is that it has?

A. Six columns, date, particulars, folio, amount, debit and credit
B. Five columns, date particulars, folio, debit and credit
C. Three columns, date particulars and folio
D. Four columns, date particulars, folio and amount

Question 20:

• JAMB 2012

Akirika bought a motor van for his business by cash. The entries are to debit

A. Motor van and credit Akirika
B. Sales and credit Akrika
C. Motor van and credit cash
D. Cash and credit motor van