The ledger and its classifications - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 41:

• JAMB 2014

The accounting entries to record a cheque issued by a business is to

A. Debit cash book and credit drawer
B. Credit cash book and debit drawer
C. Debit cash book and credit suspense account
D. Credit cash book and debit suspense account

Question 42:

• JAMB 2015

The following accounting entries are made when bad debt is recovered

A. Debit bad debts accounts and credit bad debt recovered account
B. Debit debtors accounts and recovered account
C. Debit bad debts recovered account and credit bad debts account
D. Debit bad debts account and credit profit and loss account

Question 43:

• JAMB 2015

Which of the following accounts is debited when a delivery van is sold for cash?

A. Sales account
B. Delivery van account
C. Cash account
D. Profit and loss accounts

Question 44:

• JAMB 2015

What is the ledger entry for sale of generator on credit to Patrick?

A. Credit sales account and debit Patrick’s account
B. Credit generator account and debit cash account
C. Credit sales account and debit cash account
D. Credit generator account and debit Patrick’s account

Question 45:

• JAMB 2016

Impersonal account is subdivided into

A. Real and nominal accounts
B. Nominal and personal accounts
C. Real and current accounts
D. Personal and real accounts