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.

ACCOUNT

JAMB 2022 - Question 35

Account 2022 JAMB Past Questions - Question 35: If Mr. Ajasin paid his creditors N5000 out of N20 000 owed, what would be the effect of this transaction on the accounting equation?

If Mr. Ajasin paid his creditors N5000 out of N20 000 owed, what would be the effect of this transaction on the accounting equation?

A: A decrease in the total assets by N5000

B: An increase in the total liabilities and owners' equity by by N15 000

C: An increase in the total assets by N15 000

D: A decrease in owners' equuity by N5000

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.

ACCOUNT

Account 2022 JAMB Past Questions - Question 35: If Mr. Ajasin paid his creditors N5000 out of N20 000 owed, what would be the effect of this transaction on the accounting equation?

Examkit's JAMB CBT App

Correct Answer

Explanation