Books Of Original Entry - Accountsprinciplesofaccounts Jamb Past Questions and Answers

Question 11 :

• JAMB 2000

An expenses account is closed by a debit to?

A. An asset account and a credit to the expenses account
B. The expenses account and a credit to an asset account
C. Profit and loss account and a creit to the expenses account
D. The expenses account and a credit to profit and loss account

Question 12 :

• JAMB 2001

The accuracy of journalist is checked by?

A. Ensuring that debit totals equal credit totals
B. Posting all journal entries to ledger accounts
C. Adding all figures in the debit column
D. Comparing accounts in the ledger against the journals

Question 13 :

• JAMB 2002

An entry in a subsidiary book which does not form part of the double entry system is a?

A. Contra entry
B. Journal entry
C. Single entry
D. Memorandum entry

Question 14 :

• JAMB 2002

The concise statement used to explain entries in the general journal is known as?

A. Narration
B. Summary
C. Information
D. Commentary

Question 15 :

• JAMB 2003

The recording phase of accounting is known as?

A. Bookkeeping
B. Trial balancing
C. Ledger accounting
D. Final accounting