JAMB Accounting Past Questions & Answers - Page 221

1,101.

The concise statement used to explain entries in the general journal is known as

A.

Narration

B.

Summary

C.

Information

D.

Commentary

Correct answer is A

No explanation has been provided for this answer.

1,104.

The normal accounting entry to record the dishonor of a businessman is to

A.

Debit cash book and credit suspense account

B.

Debit cash book and credit drawer

C.

Credit cash book and debit suspense account

D.

Credit cash book and debit drawer

Correct answer is D

No explanation has been provided for this answer.