If you are preparing for an accounting aptitude test or even a job interview, these accounting questions and answers will help you master the principles of accounting. This test covers accounting past questions from WAEC, JAMB, Post UTME exams and many more.
Use the following to answer the given question
Closing creditors figure is
₦115,500
₦110,000
₦95,500
₦44,500
Correct answer is D
No explanation has been provided for this answer.
Use the following to answer the given question
Closing debtors figure is
₦140,000
₦134,500
₦80,000
₦69,000
Correct answer is D
No explanation has been provided for this answer.
Use the following information to answer the given question
The closing balance of ₦3,368 Dr is classified in the balance sheet as a
Fixed asset
Current asset
Current liability
Capital
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer the given question
The rent receivable accrued as at 31st December 2005 is shown in the balance sheet as
Current asset
Current liability
Long-term liability
Fixed asset
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer the given question
The entry for rent received in the profit and loss account for the year ended 31st December 2005 is
Credit profit and loss account with D4,500
Credit profit and loss account with D2,500
Debit profit and loss account with D2,500
Debit profit and loss account with D,500
Correct answer is D
No explanation has been provided for this answer.
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