Jamb Accounts - Principles of Accounts Questions
Question 7:
The main objective of bookkeeping is to record economic?
- A Transactions systematically for routine managerial decision-making
- B Events clearly to ensure adequate checks and balances
- C Events clearly to facilitate strategic managerial desicion-making
- D Transaction systematically to ascertain the financial position of a business
Question 8:
Which of the following is an example of intangible assets?
- A Trade debtors
- B Stock of goods
- C Trade creditors
- D Motor vehicles
Question 9:
A source document that aids the ascertainment of amount paid out of current account is the?
- A Teller
- B Cheque stub
- C Cheque
- D Teller stub
Question 10:
The most convenient cash book used by a petty trader operating in an area where there is no banking facility is?
- A Four column
- B Three column
- C Single column
- D Two column