JAMB Accounting Past Questions & Answers - Page 201

1,001.

After receiving the financial statement the Auditor General of the Federation must submit a report to the National Assembly within?

A.

60 days

B.

30 days

C.

120 days

D.

90 days

Correct answer is B

No explanation has been provided for this answer.

1,002.

Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde's ledger control account is to be?

A.

Debited by N100

B.

Credited by N100

C.

Credited by N1000

D.

Debited by N1000

Correct answer is A

No explanation has been provided for this answer.

1,003.

The difference in the sales ledger control account is transferred to the?

A.

Profit and loss account

B.

Sales account

C.

Balance sheet

D.

Trading account

Correct answer is D

No explanation has been provided for this answer.