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.

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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 2009 - Question 6

Account 2009 JAMB Past Questions - Question 6: If Odukoya takes money out of the business bank account for his own private use, the effect of the transaction is

Choose the most appropriate option for the gap .

If Odukoya takes money out of the business bank account for his own private use, the effect of the transaction is

A: increase in assets and increase in capital

B: increase in assets and decrease in capital

C: decrease in capital and increase in assets

D: decrease in capital and decrease in assets

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ACCOUNTING

Account 2009 JAMB Past Questions - Question 6: If Odukoya takes money out of the business bank account for his own private use, the effect of the transaction is

Examkit's JAMB CBT App

Correct Answer

Explanation