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Thursday, 14 May 2026
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Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Questions

Question 781:
An ordinary share of N80 was issued at N96. The share was issued at?
  • A Premium
  • B Par
  • C Discount
  • D Loss
View Answer & Explanation
Question 782:
An increase in government expenditure within a year is taken care of by means of?
  • A Financial regulations
  • B Virement
  • C Warrant
  • D Supplementary estimate
View Answer & Explanation
Question 783:
As evidence of payments to a government ministry, the revenue collectors will issue?
  • A Treasury receipt
  • B Receipts vourcher card
  • C Treasury card
  • D Stores receipts vourcher
View Answer & Explanation
Question 784:
How much rent is apportioned to department K?
  • A N1200
  • B N1800
  • C N2000
  • D N750
View Answer & Explanation
Question 785:
How much selling and distribution expenses is apportioned to department M?
  • A N 800
  • B N 600
  • C N400
  • D N1800
View Answer & Explanation