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

Question 36:

• JAMB 2009

Which of the following is a debit item in the purchases ledger control account.

A. Balance b/d
B. Cheque dishonoured
C. Purchases
D. Balance c/d

Question 37:

• JAMB 2009

Which of the following is an item in the debit side of the sales ledger control account?

A. Interest charged by suppliers
B. Bills receivable honored
C. Transfer of credit balances from credit control account
D. Transfer of debit balance from creditors control account

Question 38:

• JAMB 2011

The control accounting can be used in?

A. Recording all the business transactions of the enterprise
B. Keeping records of all direct deposit in the bank account
C. Monitoring the books of original entry
D. Monitoring the efficiency of bookkepping by accountants

Question 39:

• JAMB 2012

In sales ledger control account, returns inwards is usually

A. Debited and debtors credited
B. Credited and sales returns debited
C. Debited and cash credited
D. Credited and bank credited

Question 40:

• JAMB 2012

Purchasers ledger control account can also be referred to as

A. Sales day book
B. Purchasers day book
C. Creditors legder
D. Debtors ledger