Principles of Accounts 2012 Study Mode

Try this quiz in CBT Mode
Principles of Accounts 2012 in CBT Mode

Please share this quiz link to your friends, they might need it!

Quiz link
Share Principles of Accounts 2012 with your friends
Share to WhatsApp Share Quiz CBT mode Study mode copy link
https://quizzerweb.com.ng/quiz?q=Principles%2Bof%2BAccounts%2B2012&id=216

Join Discuss Share Question Share to WhatsApp
Question 1 Principles of Accounts 2012 | JAMB/UTME (2012)
A
historical concept 
B
business entity concept 
C
periodicity concept 
D
materiality concept 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Join Discuss Share Question Share to WhatsApp
Question 2 Principles of Accounts 2012 | JAMB/UTME (2012)
A
the application of proffessional competency 
B
the accuracy of postings 
C
the casting of financial figures 
D
effective preparation of balance sheet 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Join Discuss Share Question Share to WhatsApp
Question 3 Principles of Accounts 2012 | JAMB/UTME (2012)
A
capital and debit liabilities 
B
liabilities and credit assets 
C
assets and credit capital 
D
capital and credit assets 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 4 Principles of Accounts 2012 | JAMB/UTME (2012)
A
debiting the capital account 
B
crediting the capital account 
C
debiting the cash account 
D
crediting the cash account 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 5 Principles of Accounts 2012 | JAMB/UTME (2012)
A
motor van and credit Akirika 
B
sales and credit Akrika 
C
motor van and credit cash 
D
cash and credit motor van 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 6 Principles of Accounts 2012 | JAMB/UTME (2012)
A
sugar account #12,000 and credit Jide #12,000 
B
Jide #12,000 and credit sales account #12,000 
C
Ibrahim #12,000 and credit Jide #12,000 
D
sugar account #12,000 and credit Ibrahim #12,000 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B
Join Discuss Share Question Share to WhatsApp
Question 7 Principles of Accounts 2012 | JAMB/UTME (2012)
A
purchases #12,000 and credit Ibrahim #12,000 
B
purchases #12,000 and credit sugar account #12,000 
C
Jide #12,000 and credit purchases 
D
Ibrahim #12,000 and sugar account #12,000 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Join Discuss Share Question Share to WhatsApp
Question 8 Principles of Accounts 2012 | JAMB/UTME (2012)
A
bank column (debit) 
B
bank column(credit) 
C
cash column(debit) 
D
cash column(credit) 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Join Discuss Share Question Share to WhatsApp
Question 10 Principles of Accounts 2012 | JAMB/UTME (2012)
A
has no sufficient cash with the bank 
B
has no account with the bank 
C
does not reside in the bank's country 
D
does not possess the domestic currency 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Next Page
Question Map