JAMB 2026: Accounting Questions Revealed — Likely Topics, Patterns, and Professional Guide
The JAMB Financial Accounting examination tests candidates’ knowledge of principles, procedures, calculations, and interpretation of financial records. Each year, JAMB repeats core areas such as double entry, final accounts, control accounts, bank reconciliation, and partnership accounts. This professional guide highlights likely JAMB 2026 Accounting questions, predicted areas, exam patterns, and smart preparation strategy.
This is not a leak but a trend-based prediction built from syllabus focus and repeated exam questions.
SECTION A: HIGH-PROBABILITY TOPICS FOR JAMB 2026 ACCOUNTING
Candidates should focus on these topics:
- Principles and Concepts of Accounting
- Double Entry System
- Books of Original Entry
- Ledger Accounts
- Trial Balance
- Cash Book
- Bank Reconciliation Statement
- Control Accounts
- Final Accounts of Sole Trader
- Trading, Profit and Loss Account
- Balance Sheet
- Depreciation
- Partnership Accounts
- Company Accounts
- Receipts and Payments Account
- Manufacturing Account
- Consignment Accounts
- Incomplete Records
- Stock Valuation
- Errors and Suspense Account
SECTION B: LIKELY JAMB 2026 ACCOUNTING QUESTIONS
1. Principles of Accounting
Likely Question 1
The accounting concept that assumes business continues indefinitely is
A. accrual
B. going concern
C. prudence
D. consistency
Answer: B
Likely Question 2
Accounting equation is
A. Assets = Liabilities
B. Assets = Capital
C. Assets = Capital + Liabilities
D. Capital = Assets + Liabilities
Answer: C
2. Double Entry System
Likely Question 3
When cash is received, the entry is
A. debit cash
B. credit cash
C. debit sales
D. credit purchases
Answer: A
Likely Question 4
Purchases account is
A. asset
B. liability
C. expense
D. capital
Answer: C
3. Books of Original Entry
Likely Question 5
The purchases day book records
A. cash purchases
B. credit purchases
C. sales
D. expenses
Answer: B
4. Ledger Accounts
Likely Question 6
Ledger is
A. book of prime entry
B. book of final entry
C. journal
D. invoice
Answer: B
5. Trial Balance
Likely Question 7
Trial balance is used to
A. detect all errors
B. test arithmetic accuracy
C. calculate profit
D. prepare cash book
Answer: B
6. Cash Book
Likely Question 8
Cash discount is recorded in
A. single column cash book
B. two column cash book
C. three column cash book
D. petty cash book
Answer: C
7. Bank Reconciliation
Likely Question 9
Unpresented cheques are added to
A. cash book balance
B. bank statement balance
C. trial balance
D. ledger
Answer: B
8. Control Accounts
Likely Question 10
Sales ledger control account represents
A. creditors
B. debtors
C. capital
D. stock
Answer: B
9. Final Accounts
Likely Question 11
Gross profit =
A. sales – purchases
B. sales – cost of goods sold
C. sales – expenses
D. sales + purchases
Answer: B
10. Depreciation
Likely Question 12
Straight line method depreciation is calculated using
A. fixed percentage on reducing balance
B. equal amount yearly
C. units produced
D. market value
Answer: B
11. Partnership Accounts
Likely Question 13
Partners share profit according to
A. salary
B. agreement
C. capital
D. expenses
Answer: B
12. Company Accounts
Likely Question 14
Share capital refers to
A. loan
B. owners investment
C. profit
D. expense
Answer: B
SECTION C: CALCULATION QUESTIONS (HIGH CHANCE)
Likely Question 15
Opening stock = 5,000
Purchases = 10,000
Closing stock = 3,000
Cost of goods sold = ?
COGS = Opening + Purchases – Closing
= 5,000 + 10,000 – 3,000
= 12,000
Answer: 12,000
Likely Question 16
Asset cost = 20,000
Depreciation = 10% straight line
Annual depreciation = ?
= 10% × 20,000
= 2,000
Answer: 2,000
Likely Question 17
Capital = 50,000
Profit = 10,000
Drawings = 5,000
Closing capital = ?
= Capital + Profit – Drawings
= 50,000 + 10,000 – 5,000
= 55,000
Answer: 55,000
SECTION D: BANK RECONCILIATION QUESTION
Likely Question 18
Bank statement balance = 10,000
Unpresented cheques = 2,000
Adjusted balance = ?
= 10,000 + 2,000
= 12,000
Answer: 12,000
SECTION E: ERRORS AND SUSPENSE ACCOUNT
Likely Question 19
Suspense account is opened when
A. accounts balance
B. trial balance disagrees
C. profit calculated
D. ledger balanced
Answer: B
SECTION F: INCOMPLETE RECORDS
Likely Question 20
Single entry system is used by
A. large firms
B. small businesses
C. companies
D. banks
Answer: B
SECTION G: STOCK VALUATION
Likely Question 21
Stock is valued at
A. cost price
B. market price
C. cost or net realizable value whichever lower
D. selling price
Answer: C
SECTION H: MOST REPEATED JAMB ACCOUNTING QUESTIONS
JAMB repeats these areas:
Accounting equation
Double entry
Trial balance
Final accounts
Depreciation
Bank reconciliation
Control accounts
Partnership
Errors
Cash book
SECTION I: LAST-MINUTE REVISION AREAS
Study carefully:
Accounting equation
Double entry
Trial balance
Final accounts
Depreciation
Bank reconciliation
Control accounts
Partnership accounts
Errors and suspense
Cash book
SECTION J: HOW JAMB SETS ACCOUNTING QUESTIONS
Typical structure:
40% calculations
30% theory
20% ledger interpretation
10% concepts
SECTION K: SMART STRATEGY TO SCORE 75+
- Master accounting equation
- Practice calculations
- Study trial balance
- Learn final accounts
- Practice depreciation
- Understand bank reconciliation
- Study control accounts
- Practice partnership
- Learn errors
- Attempt all questions
SECTION L: FINAL PREDICTED QUESTION AREAS
Expect questions from:
Accounting concepts
Double entry
Ledger accounts
Trial balance
Cash book
Bank reconciliation
Final accounts
Depreciation
Partnership accounts
Control accounts
Errors and suspense
Stock valuation
Incomplete records
CONCLUSION
JAMB 2026 Accounting will likely focus on calculations, principles, and final accounts preparation. Candidates who master double entry, trial balance, depreciation, and bank reconciliation will have a strong advantage.
With proper preparation, scoring 75–90 in JAMB Accounting 2026 is very achievable.
