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

Question 21:

• JAMB 2012

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
The record in Jide's book would be to debit

A. Purchases #12,000 and credit Ibrahim #12,000
B. Purchases #12,000 and credit sugar account #12,000
C. Jide #12,000 and credit purchases
D. Ibrahim #12,000 and sugar account #12,000

Question 22:

• JAMB 2013

The total credit sales for a period can be extracted from the

A. Cash book
B. Sales day book
C. Petty cash book
D. Returns inwards

Question 23:

• JAMB 2014

Aduke Motors bought three Toyota Hilux vans on cash at the cost of #6,000,000, on debiting the vehicle account, the corresponding credit for the purchase will appear in the

A. Sales day book
B. Purchases day book
C. Sales subsidiary book
D. Cash book

Question 24:

• JAMB 2014

The book of account in which information from the source documents are recorded consists of

A. Debit and credit notes
B. Ledger and subsidiary books
C. Prepayments and accruals
D. Profit and loss and balance sheet

Question 25:

• JAMB 2016

The major advantage of the journal proper is that it

A. Helps in the preparation of the balance sheet
B. Prevents fraud and theft of item of the business
C. Serves as a book of instruction to the bookkeeper
D. Help the banking industry to be efficient