What is the balance of cash with the petty cashier at the end of period 1?
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.
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 questionsUse the information above to answer question
Period 1:
........Cash to petty cashier.............N1000
........Petty cashier pays out............N780
Period 2:
........Petty cashier pays out............N840
If the float is increased to N1200, how much should the petty cashier receive after period 2?
Use the information to answer below to answer questions
i Operating machines
ii Furniture
iii Fixtures and fitting
iv Loan from friends
V Creditors
Find the fixed assets?
Use the information to answer below to answer questions
i Operating machines
ii Furniture
iii Fixtures and fitting
iv Loan from friends
V Creditors
What are the current liabilities?
If Odukoya takes money out of business bank account for his own private use, the effect of the transaction is?
Capital...............................N2375 000
Debtors...............................N495 000
Motor vehicle.........................N870 000
Creditors.............................N245 000
Prepayment............................N500 000
Bills receivable......................N505 000
Furniture.............................N150 000
What is the total debit for the trial balance?
The process of bookkeeping includes records produced from?
The accounting convention which states that the performance of a business should be determined by matching all expenses against revenues is?
Which of the following branches of accounting was first developed?