Columnar cashbooks - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2017

The discount column on the left-hand side of cashbook represents a discount

A. Received from a creditor
B. Allowed to a debtor
C. Received from a debtor
D. Allowed to a creditor

Question 17:

• JAMB 2018

A cash book had a opening balance of N15,200, closing balance of N18,400 and total cash received during the period of N36,000. What was the amount of cash paid out during the same period?

A. N29,200
B. N17,800
C. N32,800
D. N19,600

Question 18:

• JAMB 2021

The corresponding entry of personal accounts found in the debit side of the cashbook is to

A. Credit real accounts
B. Credit the ledger
C. Debit real accounts
D. Debit the ledger