Log In SignUp
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.

50 questions JAMB 1611 WAEC 1757 CUSTOM 2
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

50 questions
All JAMB WAEC CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 10 50 total questions
Question 21
jamb 2008
An entry made in bank column of cash book to record movement of cash between the office and the bank is the?
Areal entry
Bspecial entry
Cdirect entry
Dcontra entry
View Explanation & Discuss
Question 22
jamb 2008
Given:

................Cash Book........................

Capital..........N6 500........purchases.....N12 250
Sales............N30 000........Rent..........N9 100
................................Motor vehicle.N2 400

Find the bank balance?
AN71 250 credit
BN71 250 debit
CN95 000 credit
DN95 000 debit
View Explanation & Discuss
Question 23
jamb 2008
Use the information below to answer questions .

(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.
What are the current assets?
Ai and ii
Bi and v
Cii and iv
Diii and v
View Explanation & Discuss
Question 24
jamb 2008
Use the information below to answer questions .

(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.

Determine the fixed assets?
Ai and v
Bii and iv
Cii and vi
Diii and iv
View Explanation & Discuss
Question 25
jamb 2008
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit?
Acash and credit stationery
Bpurchase and credit stationery
Cstationery and credit cash
Dstationery and credit purchases
View Explanation & Discuss
Question 26
jamb 2008
Given:

Sales.....................N4000
Light expenses............N2900
Rent......................N1500
Purchases.................N7500
Debtors...................N6000
Creditors.................N29000
Drawings..................N25
Bank......................N400
General expenses..........N1500

Calculate the total of trial balance?
AN64 300
BN46 825
CN41 850
DN33 325
View Explanation & Discuss
Question 27
jamb 2008
One basic assumption of the double entry theory is that it allows?
Atwo credit entries at the same time
Btwo debit entries at the same time
Cdebit and credit two credit entries at the same time
Ddebit and credit two credit entries in corresponding account
View Explanation & Discuss
Question 28
jamb 2008
A financial analyst needs accounting information to?
Amaintain the production section of the business
Bknow why transactions cause increase and decreases in assets
Cadvise on how to manage the business
Dknow how to record transaction in T account
View Explanation & Discuss
Question 29
jamb 2008
Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results?
AConservatism
BHistorical
CMonetary
DCost
View Explanation & Discuss
Question 30
jamb 2008
One of the major features of bookkeeping is that it?
Aprovides permanent records for all financial transactions
Bis futuristic in nature
Caccpets responsibility for all wrong postings
Ddoes not give room for double entry procedures
View Explanation & Discuss
Question Navigator
Current
MathsFaculty