CBT TEST

ACC 102 CBT PRACTICE

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 102 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

 

 

FUOYE FRESHERS GENERAL GRP

https://chat.whatsapp.com/GmvH3J8FEfR1OeurIO0bhx

 

To get latest school updates 👇

 

https://wa.me/message/UCYVTYIVGGQNP1

 

I remain your favorite education blogger 😉

 

❤️ Undergragra

ACC 102

1 / 40

1.

A subsidiary book which can conveniently cater for recording of special transaction like revaluation of asset is

 

2 / 40

2.

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

3 / 40

3.

Which of the following statements is incorrect of trial balance:

 

4 / 40

4.

The process of making the balance on the bank column of a cash book to agree with the balance on the bank statement is

5 / 40

5.

Which of the following statement is incorrect?

        A.   Journal proper is a book of original entry that is used to record any transaction which cannot be conveniently recorded in any other subsidiary book

B.

C.

D.

6 / 40

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

7 / 40

7.

Reconciling the bank column of the cash book and the bank statement balances is treated under

8 / 40

8.

The only system which signifies a way of recording all accounting transactions twice in the book of account is

 

9 / 40

9.

Table of Contents

Which of the following statements is incorrect?

 

10 / 40

10.

Which of the following is not a method of preparing trial balance?

11 / 40

11.

One of the books of original entry that is used to record any transaction which cannot be conveniently recorded or classified into any of the other subsidiary book is

12 / 40

12.

The book used in recording goods previously sold to customers but were later returned by the buyer to the seller is

 

13 / 40

13.

One of the following is not an example of subsidiary book:

14 / 40

14.

Cheques deposited into the bank but have not been credited to the customer account by the bank as at the date of preparing the bank statement are called

 

15 / 40

15.

An important functions of accounting which shows expenses, assets, financial position at a given period of time is

16 / 40

16.

Which of the following statements is incorrect?

 

17 / 40

17.

One of the following is not an advantage of bank reconciliation statement

18 / 40

18.

A statement sent periodically, usually once a month by a buyer to his suppliers, showing the position of their accounts up to a certain date.

19 / 40

19.

Which of the following statements is incorrect?

 

20 / 40

20.

The differences between the balances of bank column of the cash book and bank statement could be as a result of the following except

21 / 40

21.

A book of original entry use in recording all cash transaction is

 

22 / 40

22.

Which of the following is not a type of reserve?

 

23 / 40

23.

The recording of cash transactions in the appropriate subsidiary book is any of the following except

 

24 / 40

24.

Which of the following statements is incorrect?

 

25 / 40

25.

Debts which in the opinion of management of an organization may not be fully recovered are called

 

26 / 40

26.

The money spent in an organization in order to generate income either now or in the future is

27 / 40

27.

Debts which in the opinion of management of an organization may not be fully recovered are called

28 / 40

28.

______ is an inducement given to debtors for payment their debt promptly

 

29 / 40

29.

All the following except one can lead to sales return

 

30 / 40

30.

The cost of transporting goods meant for resale into the organization is

31 / 40

31.

A statement sent periodically usually once a month by a seller to his customers, showing the position of their accounts up to a certain date

32 / 40

32.

Cheques which have been issued for payment by a bank account holder but have not been presented for payment at the bank as at the date the bank prepared the bank statement are called

33 / 40

33.

A kind of subsidiary book of account prepare to record cash transaction, bank transaction, discount received and discount allowed is called ________

 

34 / 40

34.

One of the following is a reason why return inward may be justified

 

35 / 40

35.

One of the following is not a reason for dishonoured cheques:

36 / 40

36.

Which of the following statements is incorrect?

37 / 40

37.

The principal book of account where the double entry principle is completed is called

38 / 40

38.

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

 

39 / 40

39.

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.

 

40 / 40

40.

The amount set aside out of profit earned by a company and constitute part of shareholders fund is called

 

Your score is

The average score is 47%

0%

Ace/Undergragra

Ace aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a passionate teacher, writer, educational consultant, and educational informant.
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Blessing
Blessing
22 days ago

Please can you drop IRP CBT?

Blessing
Blessing
21 days ago

Can we get more questions please?

Blessing
Blessing
19 days ago

Please sir,can we get Bus 106 & 102¿

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