Jamb Accounts CBT Quiz

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Accounts Quiz

This Quiz will increase your knowledge in Accounts.

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The most convenient cash book used by a petty trader operating in an area where there is no banking facility is

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The cost of machine was #100,000 and an estimate salvage value of #2,000 with a useful life of 14 years. What's the accumulated depreciation for the past 4 years?

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Which of the following relate to the profit and loss account of a manufacturing firm?

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Calculate the adjusted cashbook balance...
Balance as per cash book: #2,970
Bank charges: #220
Unpresented charges: #3950
Uncredited cheques: #4178
Direct debit by bank: #1000

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The cost of acquiring fixed assets and bring them into the firm is a

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In order to make the cash book balance equal to the bank statement, it is usual to add

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Which of the following relate to the profit and loss account of a manufacturing firm?

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The simplest form of single entry procedure consists of keeping a

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The cost of acquiring fixed assets and bring them into the firm is a

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Calculate the adjusted cashbook balance...
Balance as per cash book: #2,970
Bank charges: #220
Unpresented charges: #3950
Uncredited cheques: #4178
Direct debit by bank: #1000

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What's over paid portion of the rent?
During the year ended 31st, December 2001, Nuju enterprises paid rent as follows;
January 20, #24,000 for a period of 4 months,
May 16, #30,000 for a period of 5 months
October 15, #36,000 for a period of 6 months,

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