JAMB Accounting Past Questions & Answers - Page 176

876.

The fourth stage of the accounting information system is?

A.

Recording

B.

Interpreting

C.

Summarizing

D.

Classifying

Correct answer is C

No explanation has been provided for this answer.

879.

Journal proper is used in recording?

A.

Transactions that are not regular

B.

Returns from customers

C.

Credit sales

D.

The receipt and payment for money

Correct answer is A

No explanation has been provided for this answer.

880.

The process whereby a cheque received by one person is given to another is known as?

A.

Cheque crossing

B.

Payment in cheque

C.

Cheque transfer

D.

Cheque endorsement

Correct answer is C

No explanation has been provided for this answer.