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Accounts - Principles of Accounts Past Questions and Answers

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Jamb Accounts - Principles of Accounts Questions

Question 786:

Credit sales is given at 160% of cash received.
What is the balance c/d?
debit 64300

SchoolNGR Classroom

A N333 000
B N234 000
C N343 000
D N243 000

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Question 787:

When Your Silence Is Loud..& Your Eyes Speaking Volumes..
Calculate the value of credit sales

SchoolNGR Classroom

A N484 000
B N448000
C N584 000
D N558 000

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Question 788:

If Fatima was granted a discount of 2% what will be discount allowed?

SchoolNGR Classroom

A N20
B N40
C N60
D N4

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Question 789:

The historical development of accounting reveals that it?

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A Deals with debit and credit of items
B Is a product of financial development
C Is a product of its own evironmnent
D Is an ideal subject for finacial development

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Question 790:

The historical development of accounting reveals that it?

SchoolNGR Classroom

A Deals with debit and credit of items
B Is a product of financial development
C Is a product of its own evironmnent
D Is an ideal subject for finacial development

View Answer & Explanation

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