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Friday, 14 August 2026
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Accounts - Principles of Accounts Past Questions and Answers

Topic: Role of accounting records and information

Jamb Accounts - Principles of Accounts Questions - Role of accounting records and information

Question 26:
The head office of Emeka Stores maintains the financial accounts of all its branches. The branch store account in the head office serves as the branch?
  • A Debtors' account
  • B Trading account
  • C Expenses account
  • D Cash account
View Answer & Explanation
Question 27:
Departmentalization of accounts is useful because it shows the?
  • A Overall performance of a firm
  • B Price per unit of a product
  • C Cost per unit of a product
  • D Overall performance of a division
View Answer & Explanation
Question 28:
Use the information above to answer questions
Lighting..................N2925
Rent......................N2640
Salary....................N4050
The expenses are for three different product:
Zema, Zeta and Zera. They are appointed on the basis of population. 4500 units of the products are produced, out of which 1260 and 2060 units are for zema and zeta respectively.
The lighting charge to be apportioned to zema is?
  • A N891
  • B N819
  • C N927
  • D N975
View Answer & Explanation
Question 29:
Use the information above to answer questions
Lighting..................N2925
Rent......................N2640
Salary....................N4050
The expenses are for three different product:
Zema, Zeta and Zera. They are appointed on the basis of population. 4500 units of the products are produced, out of which 1260 and 2060 units are for zema and zeta respectively.
Find the salary charged to Zera product?
  • A N1854
  • B N1845
  • C N1062
  • D N1134
View Answer & Explanation
Question 30:
The fourth stage of the accounting information system is?
  • A Recording
  • B Interpreting
  • C Summarizing
  • D Classifying
View Answer & Explanation