JAMB (Joint Admissions and Matriculation Board) conducts the Unified Tertiary Matriculation Examination (UTME) in Nigeria.
Principles of Accounting is a crucial subject for students aiming to study business-related courses at the university.
Many candidates wonder whether JAMB repeats questions and which topics are commonly tested.
To succeed, students should focus on JAMB’s top repeated topics and questions for Principles of Accounting, as this will improve their chances of scoring higher.
This article provides a detailed breakdown of frequently tested areas, key topics, and answers to common questions related to JAMB’s Principles of Accounting examination.
Does JAMB Repeat Questions Every Year?
Yes, JAMB repeats questions every year, though they may be slightly modified.
While exact wording might change, the concepts tested remain consistent.
Reviewing previous exam questions helps students identify patterns and prepare effectively.
Many students who study past questions notice that similar topics appear in different exam years.
This shows the importance of practicing past JAMB questions for Principles of Accounting.
Top Repeated Topics in JAMB Principles of Accounting
To achieve a high score, candidates should concentrate on frequently tested topics in Principles of Accounting.
Below are the key topics that often appear in JAMB:
1. Introduction to Accounting
Understanding the definition, objectives, and importance of accounting is essential.
Candidates should also learn about different branches of accounting, such as financial, cost, and management accounting.
2. Accounting Concepts and Conventions
JAMB frequently tests candidates on fundamental accounting concepts like:
Business entity concept
Accrual principle
Going concern assumption
Consistency principle
These principles serve as the foundation for accurate financial reporting.
3. Double Entry System
The double-entry system is a key topic in Principles of Accounting.
Candidates must know how transactions affect debit and credit accounts and how to record them in ledger accounts.
4. Source Documents and Books of Original Entry
Candidates should be familiar with various accounting source documents such as invoices, receipts, credit notes, and purchase orders.
Additionally, knowledge of books of original entry like sales daybook, purchase daybook, and cash book is necessary.
5. Bank Reconciliation Statements
This topic requires candidates to understand how to reconcile differences between the cash book and bank statement.
Common causes of discrepancies include uncredited deposits, uncleared checks, and bank charges.
6. Trial Balance Preparation
JAMB often includes questions on trial balance preparation and error identification.
Candidates should understand how to check for errors such as omission, duplication, and transposition.
7. Depreciation and Provision for Bad Debts
Candidates must learn the different methods of calculating depreciation, including:
Straight-line method
Reducing balance method
Revaluation method
Provision for bad debts and its adjustment in final accounts is also an essential part of this topic.
8. Final Accounts of a Sole Trader
This topic involves preparing Trading, Profit and Loss Accounts, and Balance Sheets.
Candidates should be able to calculate net profit or loss and understand how to treat drawings, capital, and expenses.
9. Partnership Accounts
JAMB frequently tests students on the accounting treatment of profit-sharing ratios, goodwill valuation, admission, and retirement of partners.
10. Public Sector Accounting
Candidates should understand how government financial transactions are recorded, including sources of government revenue, expenditure control, and financial accountability.
Frequently Asked Questions (FAQs)
1. Does JAMB Repeat Questions Every Year?
Yes, JAMB repeats questions every year, but they may be slightly restructured.
Candidates who study past questions often find familiar topics and similar question formats in the actual exam.
2. How Many Questions Are in JAMB for Accounting?
JAMB allocates 40 multiple-choice questions for Principles of Accounting.
Candidates need to manage their time effectively to complete the section within the exam duration.
3. How Many Topics Are There in Accounting?
The JAMB syllabus for Principles of Accounting includes more than 15 core topics.
However, some topics appear more frequently than others. Understanding these key areas improves a candidate’s chances of scoring well.
4. What Are the Four Subjects in JAMB for Accounting?
Candidates applying for an accounting-related course must take four compulsory UTME subjects:
English Language (Compulsory for all candidates)
Mathematics
Principles of Accounting
Economics or any other relevant subject
These subjects ensure a strong foundation for studying accounting at the university level.
5. Principles of Accounting Questions and Answers
Here are some sample questions and answers based on previous JAMB exams:
Question 1: Which accounting principle requires revenue to be recognized when earned rather than when cash is received?
Answer: The Accrual Principle
Question 2: A business purchased equipment worth ₦500,000. If depreciation is charged at 10% annually using the straight-line method, what will be the depreciation expense for the first year?
Answer: ₦50,000
Question 3: What type of account is “Bank Overdraft”?
Answer: Liability Account
6. JAMB Principles of Accounting Past Questions and Answers 2024
Practicing JAMB past questions and answers from 2024 and earlier years helps candidates understand commonly tested areas. Below are some questions that have appeared frequently:
Question 1: What is the main objective of preparing a trial balance?
A. To detect fraud
B. To check the mathematical accuracy of ledger accounts
C. To record business transactions
D. To prepare the final accounts
Answer: B. To check the mathematical accuracy of ledger accounts
Question 2: Which of the following is NOT an asset?
A. Debtors
B. Creditors
C. Inventory
D. Buildings
Answer: B. Creditors
Question 3: In partnership accounting, what does “Goodwill” represent?
A. Revenue collected from customers
B. The reputation of the business
C. The difference between total assets and liabilities
D. An amount set aside for depreciation
Answer: B. The reputation of the business
Study Tips for Excelling in JAMB Principles of Accounting
To perform well in JAMB Principles of Accounting, candidates should adopt the following strategies:
Study Past Questions Regularly – Reviewing past exam questions increases familiarity with commonly tested topics.
Understand Key Concepts – Memorization is not enough; understanding how principles apply to real-life scenarios is important.
Practice Time Management – Since there are 40 questions, allocating time wisely is essential.
Use Standard Accounting Textbooks – Recommended textbooks provide a more in-depth understanding of financial concepts.
Join Study Groups – Engaging in discussions with peers helps reinforce knowledge and improves retention.
Conclusion
JAMB Principles of Accounting requires thorough preparation.
Since JAMB repeats questions every year, candidates should focus on frequently tested topics, such as the double-entry system, bank reconciliation, depreciation, final accounts, and partnership accounts.
By consistently practicing past questions and answers, students can increase their chances of achieving a high score.
Staying committed to studying and following the right strategies will make it easier to succeed in JAMB Principles of Accounting.