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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 341:
In a petty cash book the imprest is N1380.
Expenses:
Stationery N350
Cleaning material N335
General expenses N265
How much was received to maintain the imprest at the ends of the month?
  • A N950
  • B N970
  • C N430
  • D N380
View Answer & Explanation
Question 342:
An entry in a subsidiary book which does not form part of the double entry system is a?
  • A Contra entry
  • B Journal entry
  • C Single entry
  • D Memorandum entry
View Answer & Explanation
Question 343:
In an incomplete record, the preparation of the bank reconciliation ensures that?
  • A All cash taking are banked
  • B The cash book is correct
  • C There are no overdrafts
  • D There are no hidden loans
View Answer & Explanation
Question 344:
In a petty cash book the imprest is N1380.
Expenses:
Stationery N350
Cleaning material N335
General expenses N265
How much was received to maintain the imprest at the ends of the month?
  • A N950
  • B N970
  • C N430
  • D N380
View Answer & Explanation
Question 345:
(i) Fixtures account (ii) Machinery account
(iii) Wages accounts (iv) Rent account.
Which of the above are nominal account?
  • A Iii and iv
  • B I and ii
  • C I and iii
  • D Ii and iii
View Answer & Explanation