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Wednesday, 19 August 2026
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Accounts - Principles of Accounts Past Questions and Answers

Topic: Columnar cashbooks

Jamb Accounts - Principles of Accounts Questions - Columnar cashbooks

Question 26:
A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the?
  • A Commission paid
  • B Interest received
  • C Direct payment
  • D Direct withdrawal
View Answer & Explanation
Question 27:
The course of discrepancies between the bank statement and the cash book that overstates the cash book is the?
  • A Dividend received
  • B Uncredited expenses
  • C Uncredited cheques
  • D Interest on lodgement
View Answer & Explanation
Question 28:
Akirika bought a motor van for his business by cash. The entries are to debit
  • A Motor van and credit Akirika
  • B Sales and credit Akrika
  • C Motor van and credit cash
  • D Cash and credit motor van
View Answer & Explanation
Question 29:
Cash can be drawn from the bank using
  • A A bank teller
  • B A credit card
  • C A recharge card
  • D ATM card
View Answer & Explanation
Question 30:
In a modern day banking system, cash transfer cannot be made where the transferor
  • A Has no sufficient cash with the bank
  • B Has no account with the bank
  • C Does not reside in the bank's country
  • D Does not possess the domestic currency
View Answer & Explanation