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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 1:

The current growth in the volume of trading and financial dealings in Nigeria is helped by?

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A Increased financial activities
B Government intervention
C Credit as a factor in business
D Payment for goods in cash

View Answer & Explanation

Question 2:

The current growth in the volume of trading and financial dealings in Nigeria is helped by?

SchoolNGR Classroom

A Increased financial activities
B Government intervention
C Credit as a factor in business
D Payment for goods in cash

View Answer & Explanation

Question 3:

Cost accounting entails the provision of information?

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A For investment purposes
B For descision making
C To shareholders
D To stockholders

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Question 4:

The main objective of accounting report is to provide information about?

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A A company's shareholding
B An entity's management
C The efficacy of assets
D A company's economic resources

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Question 5:

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would be?

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A N2,241
B N2,214
C N2,141
D N2,114

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