Search SchoolNGR

Sunday, 12 April 2026
Register . Login

Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2011:
Pending the location of an error, the difference disclosed in a trial balance is temporarily treated in
  • A Suspense Account
  • B Trading account
  • C Control account
  • D Profit and loss account
View Answer & Explanation
Question 2012:
Which of the following items is not shown in the Trial Balance
  • A Closng stock value
  • B Opening stock balance
  • C Opening dentors balance
  • D Closing asset value
View Answer & Explanation
Question 2013:
The total of the purchases day book is posted to the purchases account in the
  • A General ledger
  • B Purchases journal
  • C Private ledger
  • D Purchases ledger
View Answer & Explanation
Question 2014:
Use the following information to answer the question<br/>\(\begin{array}{c|c} \text{prepared} & \text{1/01/2003} & N600.00\\ \text{Rent paid} & \text{31/12/2003} & N3,000.00\\ \text{Rent prepaid} & \text{31/12/2003} & N400.00\end{array}\)<br/>Rent for 2013 amounted to
  • A N4,000
  • B N3,200
  • C N3,000
  • D N2,800
View Answer & Explanation
Question 2015:
Use the following information to answer the question<br/>\(\begin{array}{c|c} \text{Unpresented cheques} & N85,305 \\ \text{Balance as per bank statement} & N206,865 \\ \text{Balance as per cash book} & N144,495\end{array}\)<br/>Uncredited cheques amount to
  • A N229,800
  • B N121,560
  • C N85,305
  • D N22,935
View Answer & Explanation