Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace ACC 101 exam

PS

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

I wish you success

Join The General Freshers Group

https://chat.whatsapp.com/LIwcrkishgH6BsELwcW5w2

Join Undergragra Campus Update Channel

Whatsapp: https://whatsapp.com/channel/0029VakX28dFi8xdORrhjI34

Telegram: https://t.me/ugchannel

I remain your favorite education blogger

❤️ Undergragra

0 votes, 0 avg
2092
Created by Ace/Undergragra

Uncategorized

ACC 101

1 / 40

1. The ---------------book is written up from copies of the credit notes retained by the seller

2 / 40

2. -------------- is a reduction given by the supplier of goods to a buyer if the latter pays for them within a period stipulated by the seller at the time of sale.

3 / 40

3. The ----------- accounts are the accounts of assets

4 / 40

4. The -------------- book is written up from the credit notes received from suppliers

5 / 40

5. The ----------- book is written from receipt and petty cash vouchers

6 / 40

6. The principles upon which preparation of accounting records are based and which are generally accepted is

7 / 40

7. The ------------- cash book represent three accounts

8 / 40

8. The --------------- is used to record a variety of things that consist of accounting adjustments.

9 / 40

9. Which of the following instruments is used to inform the buyer how much is owed for the goods supplied?

10 / 40

10. ____ system is an accounting system whereby every transaction that has to be recorded gives rise to two entries

11 / 40

11. From the following information, determine the purchase day book. On October 1, the company received good worth N33,750 from Lagos Ventures. On October 13, Kaduna Warri Enterprises supplied 15 pieces of calculator at N8,330 each. 22 pairs of shoe at N6,520 per pair, 15 pieces of mobile handset at N80,950 each and another starter pack costing N1,500 were received from Victoria Island concepts limited on October 25.

.

12 / 40

12. ____ book is used to record the credit notes received from suppliers to goods returned where there has been overcharged on an invoice

13 / 40

13. Which of the following is not a nature of accounting?

14 / 40

14. The users of accounting information are the following except

15 / 40

15. A set of numbers and codes that defines each account head and also differentiate between classes of account is

16 / 40

16. A ---------- cash book is one in which cash and cheque transactions are recorded

A. One sided

B. two column

C. Single column

D.

17 / 40

17. The -------------- book is written up from the credit notes received from suppliers

18 / 40

18. A ---------------- cash book is used to record receipts and payments by cheque

19 / 40

19. The --------------- is used to record a variety of things that consist of accounting adjustments.

20 / 40

20. ____ book record the purchase on credit of those bought specially for resale

21 / 40

21. ------- are rebates granted to a debtor for making cash payments within a shorter time period than the normal credit period.

22 / 40

22. ____ book record the purchase on credit of those bought specially for resale

23 / 40

23. ------- entry is when the two entries for a transaction appear on both sides of the cash book.

24 / 40

24. The two government recognized accounting professional bodies in Nigeria are:

25 / 40

25. How many professional accounting bodies do we have in Nigeria?

26 / 40

26. A ---------- cash book is one in which cash and cheque transactions are recorded

27 / 40

27. A ---------------- cash book is used to record receipts and payments by cheque

28 / 40

28.

----------------- is a permanent record of all transaction book

 

29 / 40

29. --------------- is the final destination of all transactions in the books of prime entries

30 / 40

30. Which of the following concepts is accounting equation based?

31 / 40

31. The debit in two column book is credited to a --------------- account in the general ledger.

32 / 40

32. Errors which arise when a transaction is completely missing from the books are called --------

33 / 40

33. ------- concept suggests that the business is separate from the owner

34 / 40

34. The real sense of placing the book keeping entry in each account is called ------------

35 / 40

35. The ---------------book is written up from copies of the credit notes retained by the seller

36 / 40

36. ____ book is used instead of a cash ledger account in the general ledger

37 / 40

37. Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called

38 / 40

38. The debit in two column book is credited to a --------------- account in the general ledger.

39 / 40

39. -------- is the main or principal book of account where accounts are maintained for income, assets and expenses.

40 / 40

40. ____ book is used to record the credit notes received from suppliers to goods returned where there has been overcharged on an invoice

Your score is

The average score is 44%

0%

Related posts:

  1. CPE 101 CBT Test
  2. JAMB CBT Practice Test For Maths
  3. PHS 211 CBT PRACTICE TEST
  4. CSC 201 CBT PRACTICE
2.3 3 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments