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
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Past Questions

48 questions
Question 1 of 8 48 total questions
Question 21
jamb 2013

The corresponding entry of personal accounts found in the debit side of the cash is to

Acredit real accounts
Bdebit real accounts
Ccredit the ledger
Ddebit the ledger
View Explanation & Discuss
Question 22
jamb 2013

Which of the following items is a capital expenditure?

AMaintenance of office machine
BPurchase of office stationery
CCarriage inwards
DPurchase of office machinery
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Question 23
jamb 2013
The major source document which enables an employer to calculate the employee wages is the
Anominal roll of employees
Brecord of number of hours worked
Ceffort of the employee
Drecord of number of dependants per employee
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Question 24
jamb 2013

The total credit sales for a period can be extracted from the

Acash book
Bsales day book
Cpetty cash book
Dreturns inwards
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Question 25
jamb 2013

July 1 - Started business with #10,500
July 31- Paid Agro machine x #6,000 owing them

The double entry for July 31 would be

Adebit Agromachinex and credit cash
Bdebit equipment and credit Agromachinex
Ccredit capital and debit cash
Dcredit cash and debit purchases
View Explanation & Discuss
Question 26
jamb 2013

July 1 - Started business with #10,500
July 31- Paid Agromachinex #6,000 owing
them

The double entry for July 1 would be

Adebit capital and credit cash
Bcredit cash and debit bank
Cdebit cash and credit capital
Ddebit purchases and credit cash
View Explanation & Discuss
Question 27
jamb 2013

When the debit side total of an account, it means that the account has

Abeen overdrawn
Bbeen understand
Cdebit balance
Dcredit balance
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Question 28
jamb 2013

Accounting information seeks to provide

Apermanent records for all transactions
Banalysis of accounts to trade debtors
Caudited reports on the accounts of a company
Ddata about the employees of a company
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