Jamb Accounts - Principles of Accounts Questions
Question 1:
Which of these accounts is dissolution expenses credited?
- A Partners capital account
- B Revaluation account
- C Partners current account
- D Realization account
Question 2:
Which of these accounts is dissolution expenses credited?
- A Partners capital account
- B Revaluation account
- C Partners current account
- D Realization account
Question 3:
Capital for a profit making organization is generated through
- A Subscription
- B Shares
- C Donation
- D Gift
Question 4:
The account where the profit are distributed to the partner in their profit sharing ratio in partnership
- A Trading account
- B Appropriation account
- C Balance sheet
- D Profit and loss account
Question 5:
In manufacturing account, depreciation of office machine is charged to
- A Trading account
- B Appropriation account
- C Balance street
- D Profit and loss account