JAMB Accounting 2011 Objective — Question 4

Question 4 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

I. Deduct the smaller side figure from the bigger side figure II. Add up both sides III. Take the difference to the smaller side and add to the smaller figure. The correct procedure for balancing an account is

A. A. II, I and IIICorrect
B. B. I, II and III
C. C. II, III and I
D. D. I, III and II

Explanation

The correct procedure for balancing an account is: II (add up both sides), I (deduct the smaller side from the bigger), III (take the difference to the smaller side).

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