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JAMB Principles of Accounts past questions.

1,131 real Joint Admissions and Matriculation Board (UTME) questions from 1997 to 2025, every one with a worked solution. Practise them timed, on the web, on Android, or offline on desktop.

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Questions held
1,131
Years covered
24
Questions per paper
40
Time allowed
40 min
Try 5

Sample Principles of Accounts questions, answered.

Taken straight from the papers below — one from each of the most recent years, with the answer marked and the reasoning written out.

JAMB Principles of Accounts 2025 · Question 1
The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of GH¢2.00 each. The amount of dividend declared is
  1. GH¢10,000
  2. GH¢200,000 — correct answer
  3. GH¢100,000
  4. GH¢20,000
Worked solution
Total nominal share capital = 1,000,000 shares × GH¢2.00 = GH¢2,000,000. Dividend declared = 10% × GH¢2,000,000 = GH¢200,000.
JAMB Principles of Accounts 2024 · Question 1
The amount by which assets exceeds liabilities is
  1. capital — correct answer
  2. premium
  3. bonus
  4. provision
Worked solution
Owner's equity (also known as shareholder's equity or capital) represents the remaining value that belongs to the company's owners after all liabilities are settled. It essentially reflects the net worth of the business from th owners' perspective.
JAMB Principles of Accounts 2023 · Question 1
The following are importance of branch account except
  1. it allows fraud and wastage of resources — correct answer
  2. it assist the organization to determine the performance of a branch manager
  3. it enable the organization to determine the branch that is making either profit or loss
  4. it allows proper control over the branch by the head office
Worked solution
Branch accounts are intended to improve control, oversight, and performance evaluation of individual branches—not to facilitate fraud or resource wastage. The other options correctly describe benefits of maintaining branch accounts.
JAMB Principles of Accounts 2022 · Question 1
The correct posting in a double entry system of account when there is an increase in double assets, expenses, capital or liabilities is to debit
  1. capital and debit liabilities
  2. liabilities and credit assets
  3. assets and credit capital — correct answer
  4. capital and credit assets
Worked solution
In double entry bookkeeping, when there is an increase in assets and capital simultaneously:

Debit assets (because asset increases are debited) Credit capital (because capital increases are credited)

This follows the fundamental accounting equation: Assets = Capital + Liabilities
JAMB Principles of Accounts 2021 · Question 1
Sales ledger control account contains the total amount in respect of
  1. investors
  2. creditors
  3. shareholders
  4. debtors — correct answer
Worked solution
The sales ledger control account (also known as the debtors control account) contains the total amount owed by all debtors - customers who have purchased goods or services on credit but have not yet paid.
Every paper we hold

JAMB Principles of Accounts, year by year.

2025
40 questions
2024
40 questions
2023
40 questions
2022
40 questions
2021
40 questions
2020
40 questions
2019
50 questions
2018
50 questions
2017
50 questions
2016
48 questions
2015
49 questions
2014
50 questions
2013
48 questions
2012
48 questions
2008
49 questions
2005
50 questions
2004
50 questions
2003
50 questions
2002
50 questions
2001
50 questions
2000
50 questions
1999
49 questions
1998
50 questions
1997
50 questions
Before you sit it

How JAMB Principles of Accounts is set.

Joint Admissions and Matriculation Board (UTME) sets 40 questions in Principles of Accounts, answered in 40 minutes — about 60 seconds a question. Practising against that clock is the part most candidates skip, and it is the part that costs marks.

We hold 1,131 published Principles of Accounts questions spanning 1997 to 2025. You can practise any single year’s paper, or sit a full timed mock that mirrors the real interface — the navigator, the flags and the auto-submit included.

Every question you get wrong comes back the next day, then at longer gaps until it sticks, and your home page leads with your weakest subjects.

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