JAMB Past Questions and Answers - Page 1278

6,386.

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.

6,387.

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.

6,389.

Net loss.......................N2300
Capital........................N10500
Liabilities....................N7200

Find the value of the total assets?

A.

N17,700

B.

N10,500

C.

N20,000

D.

N15,400

Correct answer is D

No explanation has been provided for this answer.

6,390.