Control Accounts and Self-balancing Ledgers - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2002

In a control account, discount received is found on the?

A. Debit side of the purchase ledger control account
B. Debit side of the sales ledger control account
C. Credit side of the purchase ledger control account
D. Credit side of the sales ledger control account

Question 17:

• JAMB 2002

Control accounts help to verify the arithmetic accuracy of the postings from the?

A. Subsidiary books into the trial balance
B. Ledger into the trial balance
C. Journals into the ledgers
D. Subsidiary books into the ledgers

Question 18:

• JAMB 2003

In a control account, provision for bad debts is found on the?

A. Debit side of the purchases ledger control account
B. Debit side of the sales ledger control account
C. Credit side of the purchases ledger control account
D. Credit side of the sales ledger control account

Question 19:

• JAMB 2004

The balancing figure in the purchases ledger control account is?

A. N15,828
B. N15,720
C. N14,940
D. N14,694

Question 20:

• JAMB 2004

The balancing figure in the purchases ledger control account is?

A. N15,828
B. N15,720
C. N14,940
D. N14,694