JAMB Principle Of Accounts Questions and Answers 2021 | Complete Questions
JAMB 2021 Principle Of Accounts Questions and Answers will be updated here. We have listed all the answers to JAMB Principle Of Accounts questions 2021 and you check them here in this article or download a PDF. JAMB 2021 Principle Of Accounts Questions and Answers are here. We have provided all the Objective CBT answers to JAMB Principle Of Accounts questions 2021 and you view them here or download the PDF copy.
JAMB Principle Of Accounts exams will soon start and you need to know what questions to expect and the solutions/expo or answers to 2021 JAMB UTME Principle Of Accounts questions, then you are on the right page.
We have provided both the JAMB Past Questions for Principle Of Accounts and what you should know about the questions that will appear in the actual JAMB 2021/2022 Principle Of Accounts examination which will commence shortly.
JAMB 2021 UTME Questions and Answers can be found right on this page. All the JAMB Principle Of Accounts Past Questions are right on this page and you can access them easily as you continue to read this article.
Firstly, before you check the JAMB Exam Principle Of Accounts answers, you need to understand that most of the questions that normally come out in the actual exams are mostly the same with a little twist added to them.
JAMB Questions for Principle Of Accounts will be published here together with the solutions to all the questions on Principle Of Accounts JAMB. Ensure you study them all properly before you proceed with the examination so you can answer them easily.
JAMB Principle Of Accounts CBT Questions is online and please take note of this very important information. Before you proceed with the examination, have it in mind that JAMB will not permit you to go in with any material related to the Principle Of Accounts when taking the exams.
It’s best if you practice very well with the Past Questions JAMB Principle Of Accounts prior to the examination date. We will assist you very much in that aspect by providing you with the full questions and answers.
JAMB Principle Of Accounts Questions and Answers 2021
- Accrual concept stipulates that
A. revenue should be recognized when it is earned
B. costs should be recognized when the expenditure is paid
C. revenue should be recognized only when cash is paid
D. costs should be recognized when they are incurred.
- The basic role of accounting is to;
A. detect fraud B. latest to financial statement
C. measure performance
D. protect shareholders
- The need for changes in accounting theory in Nigeria was influenced by the
A. dynamics of commercialization and privatization policies
B. growth in the size of business units
C. introduction of the structural adjustment program
D. inconvertibility of the nation’s currency.
- A book-keeping error occurs when there is a.
A. deliberate manipulation of records
B. unintentional correct posting in the ledger
C. intentional failure to record transactions and oversights that are no intended
D. interest records and completely oversights that are not intended.
D. fiscal planning is necessary for proper accountability in the public sector.
- In a public corporation, the capital expenditure incurred in a financial period is
A. spread over the useful life of the assets through depreciation
B. apportioned at a pre-determined rate stipulated by law
C. written off in the year in which they occur
D. merged with recurrent expenditure and reported in one lump sum.
- Money not required to meet chargeable expenditure in any fiscal year under cash accounting, should be
A. surrendered to the consolidated revenue fund
B. carried forward to the next financial year
C. reserved to meet any deficits or contingencies
D. returned to the taxpayer.
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