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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 41:
The book into which all types of a ministry's expenditure are recorded is the
  • A Ledger book
  • B Payment book
  • C Vote book
  • D Expenditure book
View Answer & Explanation
Question 42:
The Petroleum Technology Development Fund is under the
  • A General fund
  • B Contingency fund
  • C Trust fund
  • D Capital fund
View Answer & Explanation
Question 43:
The power to appoint the Auditor General of the Federation is vested in the
  • A National Assembly
  • B President
  • C Judicial Service Commission
  • D Civil Service Commission
View Answer & Explanation
Question 44:
Given:
Determine the balance
  • A 415,000 debit
  • B 215,000 credit
  • C 215,000 debit
  • D 315,000
View Answer & Explanation
Question 45:
Given:
From the above information, the gross profit from department X is
  • A N3,800
  • B N2,300
  • C N2,200
  • D N2,000
View Answer & Explanation