JAMB Past Questions and Answers - Page 1354

6,767.

The accuracy of journalist is checked by?

A.

Ensuring that debit totals equal credit totals

B.

Posting all journal entries to ledger accounts

C.

Adding all figures in the debit column

D.

Comparing accounts in the ledger against the journals

Correct answer is D

No explanation has been provided for this answer.

6,770.

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would be?

A.

N2,241

B.

N2,214

C.

N2,141

D.

N2,114

Correct answer is C

No explanation has been provided for this answer.