JAMB 2025 Accounting Mock Exam Questions
This 100-question JAMB 2025 Accounting Mock Examination is meticulously crafted to mirror the official UTME format, ensuring comprehensive coverage of all essential accounting topics. Designed for aspiring university students, this mock test serves as an invaluable tool for self-assessment and targeted revision. It challenges your understanding of core accounting principles, financial reporting, cost management, public sector accounting, and contemporary issues in the field.
About This Exam
This 100-question JAMB 2025 Accounting Mock Examination is meticulously crafted to mirror the official UTME format, ensuring comprehensive coverage of all essential accounting topics. Designed for aspiring university students, this mock test serves as an invaluable tool for self-assessment and targeted revision. It challenges your understanding of core accounting principles, financial reporting, cost management, public sector accounting, and contemporary issues in the field.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions100
- Estimated Duration34 minutes
- Difficulty LevelMedium
Learning Objectives
- •Assess understanding of fundamental accounting principles and concepts.
Prerequisites
A foundational understanding of basic accounting principles and mathematics is recommended.
Sample Questions
Get a taste of what to expect in the full exam.
Returns outward are posted to the
Debit side of the purchases ledger control account
Credit side of the purchases ledger control account
Debit side of the sales ledger control account
Credit side of the sales ledger control account
A debenture is
A long-term loan
Share capital
Short-term loan
Retained earnings
The cost of goods sold is calculated as
Opening stock + Purchases – Closing stock
Sales - Gross profit
Opening stock – Purchases + Closing stock
Purchases + Closing stock – Opening stock
A partner's salary is debited in the
Appropriation account
Trading account
Balance sheet
Cash account
A suspense account is opened when
The trial balance does not agree
Profit is overstated
Depreciation is omitted
Cash is stolen
The minimum number of persons required to form a public limited company is
Seven
Two
One
Five
The accounting standard for leases is
IFRS 16
IFRS 9
IFRS 15
IFRS 10
Gross profit is
Sales - Cost of goods sold
Sales - Net profit
Net profit - Expenses
Sales - Total assets
IFRS stands for
International Financial Reporting Standards
International Financial Regulation Standards
Internal Financial Reporting System
International Fiscal Reporting Standards
The accounting standard for revenue recognition is
IFRS 15
IFRS 9
IFRS 16
IFRS 10
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How to Prepare
Key Preparation Tips
- Thoroughly review all topics outlined in the JAMB syllabus for Accounting.
Mistakes to Avoid
- •Misinterpreting accounting concepts and principles.
Success Criteria
Achieving a high score indicates a strong grasp of the Accounting syllabus and readiness for the JAMB UTME. Aim for accuracy and speed in answering questions.
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