JAMB Past Questions and Answers - Page 1412

7,056.

Assigning revenues to the accounting period in which goods were sold or services rendered and expenses incurred is known as

A.

Passing of entries

B.

Consistency convention

C.

Matching concept

D.

Adjusting for revenue

Correct answer is C

No explanation has been provided for this answer.

7,057.

The term "accounting period" is used to refer to the

A.

Time span during which taxes are paid to the inland revenue board

B.

Budget period, usually one year, relied on by the accountant

C.

Time span, usually one year, covered by financial statement

D.

Period within which debtors are expected to settle accounts

Correct answer is C

An accounting period definition is a period of time in which a company prepares its financial report. It could be yearly, bi-annually, monthly, weekly, or daily.

 

7,058.

Which of the following tests would confirm-unequivocally that a solution X contain the sulphate ion if it gives with?

A.

silver nitrates solution, a white precipates insoluble in dilute HNO3

B.

barium chloride solution, a white precipitate insoluble in dilute H2SO4

C.

barium chloride solution, a white precipitate soluble in dilute HCl

D.

barium chloride solution a white precipitate soluble in dilute ammonia

E.

barium chloride solution a white precipitate insoluble in dilute HCl

Correct answer is E

Sulfate ions in solution are detected using barium chloride solution.

The test solution is acidified using a few drops of dilute hydrochloric acid, and then a few drops of barium chloride solution are added.

A white precipitate of barium sulfate forms if sulfate ions are present.

7,060.

Which of the following represents a precipitation reaction?

A.

H2SO4 + NaCl \(\to\) NaHSO4 + HCl

B.

Fe +H2SO4 \(\to\) FeSO4 + H2

C.

4HCl + MnO2 \(\to\) MnCl2 + 2H2O + Cl2

D.

Na2SO4 + pb(NO3) \(\to\) PbSO4 + 2NaNO

E.

CuO +2HCl \(\to\) Cl2 + H2O

Correct answer is D

No explanation has been provided for this answer.