Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2001 - Question 32

Account 2001 JAMB Past Questions - Question 32: The excess of income over expenditure is usually transferred to the

Choose the most appropriate option for the gap .

The excess of income over expenditure is usually transferred to the

A: accumulated fund

B: profit and loss account

C: current assets in the balance sheet

D: current liabilities in the balance sheet

Examkit's JAMB CBT App

Practice JAMB offline with our Online, PC and Mobile App

✅ 25+ years of past questions (2000 to 2025)
✅ Video solutions and explanation to questions
✅ E-library
✅ Study by topic
✅ And more.

ACCOUNTING

Account 2001 JAMB Past Questions - Question 32: The excess of income over expenditure is usually transferred to the

Examkit's JAMB CBT App

Correct Answer

Explanation