Table of Contents
Here on this page is the jamb accounting pdf past questions and answers, all you have to do is go down the page and click on the download link.
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1. The profit of a branch is usually credited to the
Answer: Branch office goods account
2. Departmental accounts are maintained to ascertain the
Answer: Contribution of each department
3. In a professional partnership, membership must be between
Answer: 2 and 10
4. Profit or loss in a partnership is usually arrived at after deducting from gross profit all expenses including
Answer: Interest on loans
5. The debenture issued at par above the nominal value is said to be issued at a
Answer: Premium
6. Questions: The principal use of control accounts is to
Answer: Localize errors within ledgers
7. When a bill is negotiated at the bank, it is said to be
Answer: Discounted
8. Credit sales were debited to Akpana instead of B. Akpan. This is an error of
Answer: Commission
9. The main objective of the accounting report is to provide information about …
Answer: An entity’s management
10. The purpose of using sales ledger balance to cancel off purchases ledger balance is
Answer: Set off
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