JAMB Accounting Past Questions & Answers - Page 178

886.

The accounting convention which states that the performance of a business should be determined by matching all expenses against revenues is?

A.

Accruals

B.

Materiality

C.

Objectivity

D.

Periodicity

Correct answer is A

No explanation has been provided for this answer.

887.

Which of the following branches of accounting was first developed?

A.

Cost accounting

B.

Financial acounting

C.

Management accounting

D.

Petroleum accounting

Correct answer is B

No explanation has been provided for this answer.

888.

The Auditor General of the Federation can be removed by the?

A.

National Assembly

B.

Chief Justice

C.

The president

D.

Head of Service

Correct answer is C

No explanation has been provided for this answer.

889.

Which of the following is among the categories of government cash book?

A.

Receipt cash book

B.

Payment cash book

C.

Petty cash book

D.

Treasury cash book

Correct answer is D

No explanation has been provided for this answer.

890.

The salary of the chief Justice of the Federation is paid from the?

A.

Consolidated revenue fund

B.

Development fund

C.

Contigency fund

D.

Special fund

Correct answer is A

No explanation has been provided for this answer.