Accounting Past Questions

Study and practice Accounting past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

3,370 questions JAMB 1611 WAEC 1757 CUSTOM 2
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Past Questions

3,370 questions
Question 1 of 20 3,370 total questions
Question 91
jamb 2024

A list of all debit and credit balances from the ledger accounts are made in the

Acash book
Btrial balance
Cbalance sheet
Dprofit and loss account
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Question 92
jamb 2024

When shares are over-subscribed, directors may decide to scale down the number of shareholding by alloting shares at ___

Adiscount
Bpar
Cpremium
Dprorata
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Question 93
jamb 2024

Issue of prospectus is an invitation to the Public to

Aregister a company
Bliquidate a company
Credeem all outstanding shares
Dsubscribe for share
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Question 94
jamb 2024

The return on debenture holding is

Ashare bonus
Binterest
Cnet profit
Ddividend
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Question 95
jamb 2024

The document used in making lodgments into a current account is

Apaying in -slip
Bcheque book
Cpass book
Dcredit card
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Question 96
jamb 2024

Shares issued free of charge to existing shareholders based on their previous holdings is __ issue

Aaccrued
Bpremium
Cfloating
Dbonus
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Question 97
jamb 2024

Which of the following is an example of a device that can be used for input, storage, and output in a computer system?

ACentral processing unit (CPU)
BKeyboard
CUSB flash drive
DMonitor
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Question 98
jamb 2024

An example of accounts in the nominal ledger is

Adebtors
Bdrawings
Ccreditors
Dmachineries
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Question 99
jamb 2024

Suppliers accounts are found in the

Aprivate
Bpurchase
Cnominal
Dgeneral
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Question 100
jamb 2024

Rent accrued at the end of an accounting period is a

Acurrent asset
Bfixed asset
Ccurrent liability
Dcapital
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Question 101
jamb 2024

The term "set off" in control account is also called

Abrought forward
Bcontra entry
Cdirect transfer
Dbad debt
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Question 102
jamb 2024

Pending the location of an error, the difference in the Trial Balance is posted to a __

Acontrol
Bprofit and loss appropriation
Cprofit and loss
Dsuspense
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Question 103
jamb 2024

The following are causes of discrepancies between the cash book and the bank statement balances except

Aerrors
Bbank charges
Cstanding order
Dbank deposit
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Question 104
jamb 2024

In government accounting, money allocated to each head and sub-heads is referred to as      

Aallocation
Bimprest
Cvote
Dfloat
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Question 105
jamb 2024

The following accounts have debit balances except

Ashare premium
Brents and rates
Creturn inwards
Dadvertising
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Question 106
jamb 2024

A commission of #5000 to a sales manager was debited to debtors account. This is an error of

Acommission
Bprinciple
Coriginal entry
Dcompensation
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Question 107
jamb 2024

An amount paid in cash to John is Dr to John and Cr to

Abank
Bdebtors
Ccash
Dcapital
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Question 108
jamb 2024

Tolu purchased a machine for #6,000 on credit. The effect is to debit.. supplier
and credit the account of the

Amachinery
Bcreditor
Ccash
Ddebtor
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Question 109
jamb 2024

The short term solvency of a company is determined with ___ ratio

Adebtors to equity
Bcurrent
Cacid test
Dgross profit margin
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Question 110
jamb 2024

A public limited liability company can get additional fund through the issue of

Acheque
Baccumulated fund
Cconsolidated fund
Ddebenture
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