Jamb Accounts - Principles of Accounts Questions
Question 1:
The major function of accounting bodies in Nigeria is to?
- A Provide proper financial management of businesses
- B Provide good remuneration to the members
- C Promote the ethics of the profession
- D Show the dynamic nature of the profession
Question 2:
The major function of accounting bodies in Nigeria is to?
- A Provide proper financial management of businesses
- B Provide good remuneration to the members
- C Promote the ethics of the profession
- D Show the dynamic nature of the profession
Question 3:
Ledger account is mainly classified into?
- A Nominal, real and personal accounts
- B Fixed and current accounts
- C Management, financial and public sector accounting
- D Bank and cash accounts
Question 4:
If salary account is debited instead of stationary account, the error committed is that of?
- A Commission
- B Omission
- C Principle
- D Compensation
Question 5:
If stationery bought for N200 has been entered as N2000. To correct this error?
- A Debit stationery with N2,200
- B Credit stationery with N1,800
- C Debit stationery with N1,800
- D Credit stationery with N2,200