2026 NABTEB FINANCIAL ACCOUNT ANSWER


OBJECTIVE(OBJ) INSTRUCTION:
PLS KINDLY TRACE FROM YOUR QUESTIONS We Solved With (Type-A) Pls Trace If Your Centre Is Doing Other Types Like B,C&D Pls take note!
Questions are the same but reshuffled across A, B, C & D. Use these answers provided to trace the equivalent question in your option before answering,

F/Account-Obj
1. C. book keeping
2. D. 1449
3. A. principle
4. C. trial balance
5. A. N1,100,000
6. D. N100,000
7. C. N300,000
8. D. materiality
9. C. closing stock
10. A. total of debtors

11. C. cash, bank and discount
12. C. drawings and credit cash
13. B. statement of affairs
14. D. proceeds on sales
15. D. subscribe for shares
16. A. statement of affairs
17. B. debenture holders to procure the remaining one
18. D. (i), (ii) and (iv) only
19. B. manage the internal management of the company
20. A. premium

21. B. current assets
22. D. N147,675
23. B. Bank loan granted to the bank
24. C. going concern
25. A. real and nominal account
26. C. debit cash account, credit Yisa's account
27. B. N19,010

28. C. bug
29. D. cursor
30. A. Constant power supply
31. C. voucher
32. A. Partner's drawings
33. B. imprest
34. C. Consistency
35. B. Machinery account

36. B. N18,000
37. A. contingency fund
38. A. Cash book
39. B. commission
40. B. receipt of debt

41. D. subscriptions
42. C. public sector account
43. D. (i) and (iii) only
44. B. Purchases ledger
45. B. the liability of the business to its proprietor
46. A. profit and loss account
47. A. depreciation of factory building
48. B. prime cost
49. B. irrecoverable debt
50. B. discount received


=============================


(2)


=============================

(3)


=============================

(4)


=============================

(5)


============================

(7)