Likely JAMB Cbt Financial Accounting Questions and Answers for 2024/2025
What will Jamb set in Accounts for 2024/2025 UTME and what are the top hot likely questions to come out in Jamb Accounts? Continue reading for important Jamb UTME Accounts Questions and Answers.
The 40 Questions and answers will cover every Chapter in Jamb Accounts. However, the Likely Accounts Questions will not be arranged topic by topic.
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Jamb Accounts Questions And Answers
- 1. The profit of a branch is usually credited to the
- 2. Departmental accounts are maintained to ascertain the
- 3. In a professional partnership, membership must be between
- 4. Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including
- 5. The debenture issued at par above the nominal value is said to be issued at a
- 6. Questions: The principal use of control accounts is to
- 7. When a bill is negotiated at the bank, it is said to be
- 8. Credit sales were debited to Akpana instead of B. (leifrogersmd.com) Akpan. This is an error of
- 9. The main objective of accounting report is to provide information about …
- 10. The purpose of using sales ledger balance to cancel off purchases ledger balance is
- 11. The officer responsible for ascertaining whether all public expenditure and appropriation are in time with approved guideline is the
- 12. The cash basis of accounting requires the recognition of revenue only when they are
- 13. Responsibility accounting is particularly concerned with
- 14. Earnings per share is a measure of
- 15. Subscription owned by members of a club is a/an
- 16. The subscription paid in advance is treated in the balance sheet of a club as
- 17. The movement of goods from head office to branch is treated in the head office accounts as
- 18. Which of the following is a common cause of discrepancy between head office and branch trial balance
- 19. Which type of stock valuation method would a vegetable seller adopt in valuing its product?
- 20. Question: The transactions relating to liquidation in partnership account is drawn by using
- 21. Deferred charges are also known as
- 22. Factory wages are always entered into which account?
- 23. One of the reasons for the existence of the public sector is to
- 24. The correct entry to reflect the receipt of cash sent by a branch to a head office is
- 25. Working-in-progress is the value of
- 26. The Act establishing the institute of Chartered accountants in Nigeria (ICAN) came into force on
- 27. The gross profit on manufactured goods is the difference between the cost of goods manufactured and the
- 28. An effective accounting system should provide information
- 29. An ordinary share of #60 was issued at #75. The share was issued at
- 30. Preliminary expenses of a limited liability company are
- 31. The subscription paid in advance is treated in the balance sheet of a club as
- 32. In the dissolution of a partnership business, the net book, value of the assets is transferred to
- 33. The chief accounting officer of a local government is the
- 34. The founder of a company are
- 35. A component of an overhead manufacturing cost is
- 36. The price paid by an acquiring company is the
- 37. After receiving the financial statement, the Auditor General of the Federation must submit a report to the National Assembly within
- 38. The amount of money for a particular purpose by a government organization for its expenditure is the
- 39. Investors are interested in accounting information to determine the organization’s
- 40. Working capital is calculated as
Categories: Jamb Syllabus | Past Questions
One Response
This is good
by Muiz on Apr 24, 2023 at 10:30 PM