1997 JAMB UTME Accounts Past Questions

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1997

An examination of the cash book on 3rd August 1993 showed a different balance from the bank statement of 31st July, 1993 which read ₦722. Uncredited cheques were Bimpe ₦40; Wale ₦60 while unpresented cheques were; Usman…

1997

When the sum of money appears on the credit side of the cash book, but not on the debit side of the bank statement, the sum is regarded as

1997

Which of the following demonstrates the imprest system?

1997

Erroneous rearrangement of financial figures such as writing ₦624 as ₦264 is called

1997

The term 'posting' in Accounting refers to

1997

Books of original entry are used for

1997

The effect of the payment of liability is that it

1997

The document that is used to acknowledge the acceptance of the return of goods by the seller from the buyer is known as

1997

The instrument that are generated when firms enter into business transactions with others are called

1997

Creditors use Accounting information for the purpose of

1997

In preparing accounting records, the owner of a business and the business are treated as

1997

The most important reason for studying accounting is that

1997

The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal.The correct closing balance for Lawal's current account is

1997

The Current account above had some errors in the arrangement of the accounts for Musa, Kalu and Lawal.The Correct closing balance for Musa's current account is

1997

The end result of governmental accounting procedure is to

1997

Public sector accounting is based on

1997

Which of the following are advantages of departmental accounts?I. The department making the highest profit can be easily determined II. The capital of the business can be calculated easily III. Easy knowledge of the so…

1997

If goods are invoiced to the branch at cost and the invoice par value is ₦2 000 with 5% discount rate, cash remitted to the head office is

1997

Udoh Trading CompanyBalance Sheet as at 31st December, 1992 N NCapital39 000Land20 000Long term loan15 000Building30 000Creditors9 000Stock4 000 Debtors6 000Accrued wages5 000Cash8 000 68 000 68 000The acid test ratio i…

1997

Udoh Trading CompanyBalance Sheet as at 31st December, 1992 N NCapital39 000Land20 000Long term loan15 000Building30 000Creditors9 000Stock4 000 Debtors6 000Accrued wages5 000Cash8 000 68 000 68 000What is the working c…

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