Jamb Accounts - Principles of Accounts Questions
Question 741:
If salary account is debited instead of stationary account, the error committed is that of?
- A Commission
- B Omission
- C Principle
- D Compensation
Question 742:
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
Question 743:
The account which refers to the tangible assets of a company that is of permanent nature is the?
- A Personal account
- B Real account
- C Nominal account
- D Cash account
Question 744:
Th major feature of an invoice is that, it?
- A Passes information through the sales day book
- B Has cash and bank column
- C Specifies the particular of goods bought
- D Indicates only the cash sales
Question 745:
The source documents include?
- A Cash book
- B Petty cash book
- C General ledger
- D Credit notes