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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.

104 questions JAMB 1611 WAEC 1757 CUSTOM 2
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Past Questions

104 questions
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Question 1 of 4 104 total questions
Question 51
jamb 2004
The rule of accounting equation requires that account payable should be placed under?
Aliabilities
Bequities
Cassets
Dcapital
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Question 52
jamb 2004
A source document is used for verifying the?
Aamount due to creditors
Bactual cost of an asset
Cselling price of goods
Damount due from debtors
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Question 53
jamb 2004
The loss of equipment in a fire disaster results in?
Aa decrease in current assets
Ban increase in liabiities and assets
Ca decrease in assets and capital
Dan increase in liabilities and a decrease in assets
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Question 54
jamb 2004
The accounting principle that is applied to check arbitrary actions on the part of accountants is?
Aconsistency
Bmateriality
Cobjectivity
Drealization
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