What is the main purpose of transaction file?

A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a

Which of these is the subsidiary book for return inwards?

In the period of rising prices, which method of stock valuation is most appropriate?

Which fund is used to meet unforeseen or urgent expenditure

You add the following when starting with the balance as per cash book when preparing the bank reconciliation statement except

Given: I. Cash refunds II. Debit note issued III. Dishonored cheque IV. PurchasesThe item on the credit side of purchases ledger control account includes

In manufacturing account, depreciation of office machine is charged to

The account where the profit are distributed to the partner in their profit sharing ratio in partnership

Capital for a profit making organization is generated through

Which of these accounts is dissolution expenses credited?

2017 JAMB UTME Accounts Past Questions