Jamb Accounts - Principles of Accounts Questions
Question 6:
The total credit sales for a period can be extracted from the
- A Cash book
- B Sales day book
- C Petty cash book
- D Returns inwards
Question 7:
The major source document which enables an employer to calculate the employee wages is the
- A Nominal roll of employees
- B Record of number of hours worked
- C Effort of the employee
- D Record of number of dependants per employee
Question 8:
Which of the following items is a capital expenditure?
- A Maintenance of office machine
- B Purchase of office stationery
- C Carriage inwards
- D Purchase of office machinery
Question 9:
The corresponding entry of personal accounts found in the debit side of the cash is to
- A Credit real accounts
- B Debit real accounts
- C Credit the ledger
- D Debit the ledger
Question 10:
Alaka who owed Saka #15,000, settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka, debit
- A Discount recieved account and credit Alaka's account
- B Alaka's account and credit discount recieved account
- C Saka's account and credit discount recieved account
- D Discount allowed account and credit Alaka's account