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.
1 : 1
3 : 6
2 : 1
2 : 6
Correct answer is C
The existing ratio between Tony and Rose = 2/6 and 1/6
Ade’s ratio = 3/6
Ade’s share to be taken by Tony and Rose in the ratio 2 : 1
Tony gets: 3/6 x 2/6
= 6/18
Rose gets: 3/6 x 1/3
= 3/18
New ratio between Tony and Rose = 6 : 3
= 2 : 1
Gross profit in the branch adjustment account is transferred to the branch____________
Income and expenditure account
Profit and loss account
Receipt and payment account
Trading account
Correct answer is B
Records profit on branch account
Cash account
Purchase account
Goodwill account
Sales account
Correct answer is C
Goodwill is the excess of purchase consideration over the total value of the business
Use the following information to answer the question below
N4,500
N4,250
N3,000
N2,750
Correct answer is D
No explanation has been provided for this answer.
Use the following information to answer the question below
N5,500
N4,250
N2,750
N1,250
Correct answer is C
No explanation has been provided for this answer.
Zonal Administrative Assistant at World Health Organization (WHO)
Officer - Payroll at MTN Nigeria
Supervisor - Warehouse at MTN Nigeria
Customer Services Representative at Tetra Pak
Community Engagement and Monitoring Assistant at World Health Organization (WHO)
Customer Service Representative at Eric Kayser
Training Manager at United Nigeria Airlines
Financial Controller at United Nigeria Airlines
Data Entry Clerk at Jolly Energy Fleet Limited
