ACCOUNT PAST QUESTIONS & ANSWERS (UTME)

The Unified Tertiary Matriculation Examination (UTME) is a crucial step for students in Nigeria aiming to gain admission into tertiary institutions.

0%

JAMB ACCOUNT PAST QUESTION

JAMB ACCOUNT PAST QUESTION PRO

Practice JAMB Accounting Past Questions and Answers and pass your examination.

1 / 40

Category: JAMB ACCOUNT PAST QUESTION

The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is

2 / 40

Category: JAMB ACCOUNT PAST QUESTION

What is the ledger entry for sale of generator on credit to Patrick?

3 / 40

Category: JAMB ACCOUNT PAST QUESTION

To realize an asset means to

4 / 40

Category: JAMB ACCOUNT PAST QUESTION

A sales for N2,570 was recorded in the sales day error of principleerror of principlebook as N2750. The error committed was

5 / 40

Category: JAMB ACCOUNT PAST QUESTION

Keeping records under single entry system has the advantage of

6 / 40

Category: JAMB ACCOUNT PAST QUESTION

Use the following information to answer this question.
Club building 400,000
Subscription prepaid 3,000
Sport kits 150,000
Bar creditors 85,000
Subscription owing 32,000

What is the club’s total liabilities

7 / 40

Category: JAMB ACCOUNT PAST QUESTION

The major distinguishing element between the final account of a partnership and that of a sole trader is the

8 / 40

Category: JAMB ACCOUNT PAST QUESTION

The purpose of a trading account is to ascertain

9 / 40

Category: JAMB ACCOUNT PAST QUESTION

The document setting out the regulations regarding shares, meetings and internal organization of a company is known as

10 / 40

Category: JAMB ACCOUNT PAST QUESTION

Use the information below to answer this question.
Jejelaye Plc stock records for 2009 was given below:
Jan 1 received 100 units at N1.00
Jan 8 received 260 units at N1.05
Jan 20 issued 700units at .........
Feb 3 received 400 units at N1.15
What will be the issued price of 700 units, using simple average method

11 / 40

Category: JAMB ACCOUNT PAST QUESTION

Accounting information is used by investors and creditors of a company to predict

12 / 40

Category: JAMB ACCOUNT PAST QUESTION

The income and expenditure account of a club is the same as

13 / 40

Category: JAMB ACCOUNT PAST QUESTION

When shares are sold at more than the per value, they are said to have been issued at

14 / 40

Category: JAMB ACCOUNT PAST QUESTION

Which of the following is not a proper form of the accounting equation

15 / 40

Category: JAMB ACCOUNT PAST QUESTION

The process of cost apportionment is carried out so that

16 / 40

Category: JAMB ACCOUNT PAST QUESTION

If a trail balance is in agreement, one of the statement is untrue

17 / 40

Category: JAMB ACCOUNT PAST QUESTION

When the invoice of a customer is overcast, the supplier will send to him a

18 / 40

Category: JAMB ACCOUNT PAST QUESTION

Which of the following is true in public sector depreciated on straight line method accounting? Cost of assets is

19 / 40

Category: JAMB ACCOUNT PAST QUESTION

The following account are prepared when goods are sent to branch except

20 / 40

Category: JAMB ACCOUNT PAST QUESTION

Which of the following is a debit entry in debtors control account?

21 / 40

Category: JAMB ACCOUNT PAST QUESTION

The basis of accounting for public sector is

22 / 40

Category: JAMB ACCOUNT PAST QUESTION

Use the information below to answer this question
Segun Ojo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, bank overdraft 3500, debtor 15,500,stock 18,000, fittings 9,000 and creditors 12,700. As at Dec, 2014, cash in hand was 1200, cash at bank 2,500, debtors 10,000, stock 20,500, furnishing 4,000 and creditors 17,000.

Determine the closing capital 31/12/2014

23 / 40

Category: JAMB ACCOUNT PAST QUESTION

Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing and presenting financial statements are known as ---------------------

24 / 40

Category: JAMB ACCOUNT PAST QUESTION

Which of the following is not a feature of accounting information?

25 / 40

Category: JAMB ACCOUNT PAST QUESTION

Goods stolen at the branch is debited to

26 / 40

Category: JAMB ACCOUNT PAST QUESTION

 

Use the following information to answer this question.

Club building 400,000;
Subscription prepaid 3,000;
Sport kits 150,000;
Bar creditors 85,000;
Subscription owing 32,000;
What is the club’s accumulated fund?

27 / 40

Category: JAMB ACCOUNT PAST QUESTION

If the partnership agreement does not specify how net profit is to be divided, the profit should be divided

28 / 40

Category: JAMB ACCOUNT PAST QUESTION

What does liquidity ratio measure?

29 / 40

Category: JAMB ACCOUNT PAST QUESTION

Sales ledger control account contains the total amount in respect of

30 / 40

Category: JAMB ACCOUNT PAST QUESTION

If sales return is understated, it implies that ------------------------------ is overstated

31 / 40

Category: JAMB ACCOUNT PAST QUESTION

Income and expenditure account is more detailed than receipts and payments account because it disclosed

32 / 40

Category: JAMB ACCOUNT PAST QUESTION

An expenses is said to be revenue in nature if it

33 / 40

Category: JAMB ACCOUNT PAST QUESTION

Capital reserves includes the following except

34 / 40

Category: JAMB ACCOUNT PAST QUESTION

If rent account is debited instead of rate account, the error committed is that of;

35 / 40

Category: JAMB ACCOUNT PAST QUESTION

In a bank reconciliation statement, Dishonoured cheques is added to

36 / 40

Category: JAMB ACCOUNT PAST QUESTION

Sai Baba made sales of N10,000 having computed his gross profit % to sales to be 20. His opening stock was N250 and ending stock is N200.
Calculate his purchases.

37 / 40

Category: JAMB ACCOUNT PAST QUESTION

The ledger entries to be made if cash sales is banked is debit

38 / 40

Category: JAMB ACCOUNT PAST QUESTION

Determine wage expenses from the given information, wages outstanding at the beginning, wages paid during the period 15000 and wages outstanding of the period 2,000

39 / 40

Category: JAMB ACCOUNT PAST QUESTION

The accounting convention that state that stock should be value that the lower of cost and net realized value is --------------- convention

40 / 40

Category: JAMB ACCOUNT PAST QUESTION

Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; creditors at the end 2,000

Your score is

0%

For students aspiring to pursue accounting, thorough preparation for the UTME is essential. One effective way to prepare is by practicing with past questions. The Acadlly Exams platform offers a comprehensive collection of ACCOUNT past questions and answers, providing students with the tools they need to excel.

Features of the Acadlly Exams Platform

1. Extensive Question Bank: The platform boasts a vast array of past UTME questions for ACCOUNT. These questions cover various topics and concepts that are frequently tested, ensuring students are well-prepared for any question that may appear on the exam.

2. Detailed Answers and Explanations: Each question comes with detailed answers and explanations. This feature helps students understand the rationale behind each answer, enabling them to grasp complex concepts and improve their problem-solving skills.

3. User-Friendly Interface: Acadlly Exams is designed to be intuitive and easy to navigate. Students can easily find the subjects they are looking for and practice questions without any hassle.

4. Performance Tracking: The platform offers tools to track performance over time. Students can monitor their progress, identify areas where they need improvement, and focus their study efforts accordingly.

5. Timed Practice Tests: Simulating the real exam environment, Acadlly Exams provides timed practice tests. This feature helps students manage their time effectively during the actual exam, reducing anxiety and improving performance.

6. Accessible Anytime, Anywhere: The platform is accessible online, allowing students to practice at their convenience. Whether at home or on the go, students can continue their preparation without interruption.

Benefits of Using Past Questions for Preparation

a. Familiarity with Exam Format: Practicing with past questions helps students become familiar with the UTME format, reducing surprises on exam day.
b. Identification of Common Topics: Students can identify recurring topics and themes, allowing them to focus their studies on areas that are likely to appear on the exam.
c. Improvement of Time Management: Timed practice tests help students improve their time management skills, ensuring they can complete all questions within the allotted time.
d. Boosting Confidence: Regular practice with past questions builds confidence, helping students feel more prepared and less anxious.

FAQs

Q1: How can I access the ACCOUNT past questions on the Acadlly Exams platform?
A: To access the ACCOUNT past questions, visit the Acadlly Exams website, create an account, and navigate to the ACCOUNT subject section. You can start practicing immediately.

Q2: Are the answers provided for the questions accurate?
A: Yes, the answers provided on the platform are accurate and come with detailed explanations to help you understand the reasoning behind them.

Q3: Can I track my progress on the platform?
A: Absolutely. Acadlly Exams offers performance tracking tools that allow you to monitor your progress and identify areas where you need improvement.

Q4: Is there a limit to how many times I can practice the questions?
A: No, there is no limit. You can practice the questions as many times as you need to feel confident and prepared for the exam.

Q5: Are the practice tests timed?
A: Yes, the platform provides timed practice tests to help you simulate the real exam environment and improve your time management skills.

Q6: Can I access the platform on my mobile device?
A: Yes, Acadlly Exams is accessible on both desktop and mobile devices, allowing you to practice anytime, anywhere.

Q7: Is there a cost to use the Acadlly Exams platform?
A: While some features may be free, there might be a subscription fee for full access to all the features and question banks. Check the Acadlly Exams website for detailed pricing information.

The Acadlly Exams platform is an invaluable resource for students preparing for the UTME in ACCOUNT. With its extensive question bank, detailed answers, and user-friendly interface, it equips students with the knowledge and skills they need to succeed. By practicing with past questions and taking advantage of the platform’s features, students can approach their exams with confidence and achieve their academic goals.

Leave a Comment

Your email address will not be published. Required fields are marked *

School Portal NG
Scroll to Top