Cashbook - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 21:

• JAMB 2006

What was the bank balance at the end of the month?

A. N7 000
B. N6 500
C. N 7 500
D. N 9 000

Question 22:

• JAMB 2008

Given:
................Cash Book........................
Capital..........N6 500........purchases.....N12 250
Sales............N30 000........Rent..........N9 100
................................Motor vehicle.N2 400
Find the bank balance?

A. N71 250 credit
B. N71 250 debit
C. N95 000 credit
D. N95 000 debit

Question 23:

• JAMB 2008

An entry made in bank column of cash book to record movement of cash between the office and the bank is the?

A. Real entry
B. Special entry
C. Direct entry
D. Contra entry

Question 24:

• JAMB 2008

Abba offers 5% cash discount on goods worth N10 000, The discount allowed account is to be?

A. Debited with N10 000
B. Credited with N10 000
C. Debited with N500
D. Credited with N500

Question 25:

• JAMB 2008

\(\begin{array}{c|c}
\text{Capital} & 12,700 & \text{Purchases} & 7,100 \\
\hline
\text{Debtors} & 4,000 & \text{Stationery} & 1,900 \\
\hline
\text{Sales} & 2,400 & \text{Wages} & 1,230 \\
\end{array}\)
Determine the closing balance of the cash book?

A. N655 credit
B. N655 debit
C. N130 credit
D. N130 debit