Instrument of bank transactions - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2012

Cash can be drawn from the bank using

A. A bank teller
B. A credit card
C. A recharge card
D. ATM card

Question 7:

• JAMB 2012

In a modern day banking system, cash transfer cannot be made where the transferor

A. Has no sufficient cash with the bank
B. Has no account with the bank
C. Does not reside in the bank's country
D. Does not possess the domestic currency

Question 8:

• JAMB 2012

Given:
Cash book balance- #5000
Dishonored cheque- #1000
Direct credit - # 800
Direct debit - # 500
The adjusted cash book balance is

A. #6,300
B. #4,300
C. #3,700
D. #2,700

Question 9:

• JAMB 2016

The documents that provide instant information to firms on their tranactions with banks are

A. Bank statement and debit note
B. Cheque book and cashbook
C. Cheque stub and deposit slip
D. Payslip and credit invoice

Question 10:

• JAMB 2018

when a bill is negotiated to a bank , it is said to be?

A. Accepted
B. Discounted
C. Surrendered
D. Cashed