Classroom

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.

48 questions JAMB 1611 WAEC 1757 CUSTOM 2

Select subject

Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

48 questions

Question 1 of 8 48 total questions

Question 21

jamb 1998

The purchase of two generators by Hassan Electronics Enterprises should be recorded as?

Aan acquistion of fixed assets

Ban expenses in its general office expenses account

Can acquistion of stock

Da part of capital in the capital account

View Explanation & Discuss

Question 22

jamb 1998

N
Bank account 59,410
Capital account 50,000
Purchase account 20,000
Rent 2,500
Stationery 90
typewriter 6,500
Sales 38,000

In preparing a trial from the list of balances given above, what is the total in debit and credit columns?

AN147,910

BN138,500

CN88,500

DN85,800

View Explanation & Discuss

Question 23

jamb 1998

When a transaction causes an assets account to increase, there is?

Aa decrease of equal amount inthe owner's equity account

Ban increase in a liability account

Can increase of equal amonut in another assets account

Da decrease of equal amount in a liability account

View Explanation & Discuss

Question 24

jamb 1998

A business transaction is recorded in the books of account when the?

Aowner of the business invests his N10,000 in another company

Bbusiness retains part of ofits profits for future expansion purposes

Cbusiness invest applies for overdraft facilities from its bankers

Downer of the business collects N5,000 from the accountant

View Explanation & Discuss

Question 25

jamb 1998

An advantage of the use of the voucher system is that it?

Areduces the number of cheques that will be writen during any given period

Bprovides a highly flexible system for handling unusual transactions

Cprovides a comprehensive record of business done with particular suppliers

Densure that every expenditure is reviewed and verified before payment is made

View Explanation & Discuss

Question 26

jamb 1998

Responsibility accounting is particularly concerned with?

Ahistoical accounting

Bcontrollable costs

Cstorekeeping

Dvaluation of stock

View Explanation & Discuss

Question 27

jamb 1998

Cost reports for the intention of management should reflect?

Aas much details as possible

Bsummary figures only

Cdetails of non-controllable expenses

Dcost and comparable data useful in decision-making

View Explanation & Discuss

Question 28

jamb 1998

The Act establishing the institute of Chartered Accountants of Nigeria (ICAN) came into force on?

AIst September, 1960

BIst October, 1960

CIst October,1963

DIst , September,1965

View Explanation & Discuss

Question Navigator

Current

Accounting Past Questions

Take a test

Custom CBT

JAMB CBT Simulator

WAEC CBT Practice 2026 Simulator

NECO CBT Practice 2026 Simulator

Past Questions

Question Navigator

MathsFaculty