JAMB Syllabus For Principles of Account 2024/2025

JAMB Syllabus For Principles of Account 2024/2025: Hey there, dear students and guardians! Preparing for JAMB can be a difficult task. With so many subjects to cover and topics to understand, it’s easy to get overwhelmed. But don’t be afraid! Here at TeezabUpdate.com.ng, we’re dedicated to making your JAMB preparation as smooth and efficient as possible. 

JAMB Syllabus For Principles of Account

Today, we’re diving into the Principles of Account syllabus for the 2024/2025 JAMB examinations. Whether Principles of Account is your strong suit or a subject you find a bit challenging, we’re here to guide you every step of the way.

The JAMB Principles of Account syllabus is structured to guide you on which topics to focus on, the depth of coverage required, and the objectives you should aim to achieve in each topic. 

Remember, understanding the syllabus is key to efficient revision and, ultimately, success in the exam.

JAMB Principles of Account Syllabus for 2024/2025 UTME

This is to Inform the general public most especially those that are going to participate in the 2024 Unified Tertiary Matriculation Examination UTME that the Joint Admission and Matriculation Board JAMB has released the syllabus for Principles of Account for the 2024 UTME.

JAMB Principles of Account Syllabus 2024/2025 General Objective

The aim of the Unified Tertiary Matriculation Examination (UTME) syllabus in Principles of Accounts is to prepare the candidates for the Board’s examination. It is designed to test their achievement of the course objectives, which are to:

  • Stimulate and sustain their interest in Principles of Accounts;
  • Use the basic knowledge of and practical skills in Accounting;
  • Apply the knowledge of interpretation of accounting information to decision making;
  • Determine the relevance of accounting to business and governments;
  • Use information and communication technology for present and future challenges.

JAMB Principles of Account Syllabus 2024/2025

1. Nature and Significance of Accounting

a. Development of accounting (including branches of accounting)

b. Objectives of bookkeeping and accounting;

c. Principles, concepts and conventions of accounting (nature, significance and


d. Role of accounting records and information

2. Principles of Double Entry

a. Functions of source documents

b. Books of original entry

c. Accounting equation

d. The ledger and its classifications

e. Trial balance

f. Types and treatment of errors and use of suspense account

3. Cash Book

a. Petty cash book and the imprest system

b. Columnar cash books

c. Discounts

4. Bank Transactions and Reconciliation Statements

a. Instrument of bank transactions

b. e-banking system

c. Courses of discrepancies between cash book and bank statement

d. Bank reconciliation statement

5. The Final Accounts of a Sole Trader

a. Trading and profit and loss account

b. Balance sheet

c. Adjustments:

i. provision for bad and doubtful debt

ii. provision for discounts

iii. provision for depreciation using the straight line and reducing balance methods

iv. accruals and prepayments

v. drawings

6. Stock Valuation

a. Methods of cost determination using FIFO, LIFO, and simple average

b. The advantages and disadvantages of the methods

c. The importance of stock valuation

7. Control Accounts and Self-balancing Ledgers

a. Uses of control accounts

b. Purchases ledger control account

c. Sales ledger control account

8. Incomplete Records and Single Entry

a. Conversion of single entry to double entry

b. Determination of missing figures

c. Preparation of final accounts from incomplete records

9. Manufacturing Accounts

a. Cost classification

b. Cost apportionment

c. Preparation of manufacturing account

10. Accounts of Not-For-Profit-Making Organizations.

a. Objectives of not-for-profit making organizations

b. Receipts and payments account

c. Income and expenditure account

d. Balance sheet

11. Departmental Accounts

a. Objectives

b. Apportionment of expenses

c. Departmental trading and profit and loss account

12. Branch Accounts

a. Objectives

b. Branch accounts in the head office books

c. Head office account

d. Reconciliation of branch and head office books

13. Partnership Accounts

a. Formation of partnership

b. Profit and loss account

c. Appropriation account

d. Partners current and capital accounts

e. Treatment of goodwill

f. Admission/retirement of a partner

g. Dissolution of partnership

h. Conversion of a partnership to a company

14. Introduction to Company Accounts

a. Formation and classification of companies

b. Issue of shares and debentures

c. Forms of final accounts of companies

d. Interpretation of accounts using ratios.

e. Distinction between capital and revenue reserves

15. Public Sector Accounting

a. Comparison of cash and accrual basis of accounting

b. Sources of government revenue

c. Capital and recurrent expenditure

d. Consolidated revenue fund

e. Statement of assets and liabilities

f. Responsibilities and powers of:

i. The Accountant General

ii. The Auditor General

i. The Minister of Finance

ii. The Treasurer of local government

g. Instruments of financial regulation



Conclusion on JAMB Syllabus For Principles of Account 2024/2025

As we wrap up this post, remember that Principles of Account, like any other subject, require consistent practice and understanding. 

The 2024/2025 JAMB Principles of Account syllabus is your roadmap to success, and here at TeezabUpdate.com.ng, we’re committed to supporting you on this journey. 

Tackle each topic with determination, keep your study materials organized, and maintain a positive attitude. 

With dedication and the right resources, you’re bound to excel. All the best in your preparations, and we hope to celebrate your success when the results are out!

If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible! 

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