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.
16,800
14,300
8,300
7300
Correct answer is B
No explanation has been provided for this answer.
Quick ratio is calculated as X-Y:Z, where
x= stock; y=current assets and z= long-term liabilities
x = current assets; y = debtors and z= current liabilities
x=current assets; y= stock and z=current liabilities
x= debtors; y= stock and z=current assets
Correct answer is C
No explanation has been provided for this answer.
The mark-up on a product is 2/3. The margin is
3/5
2/5
1/3
2/9
Correct answer is B
No explanation has been provided for this answer.
N200,000
N100,000
N20,000
N10,000
Correct answer is A
No explanation has been provided for this answer.
Goodwill is recognized in partnership when
The business makes a huge profit
The business has adequate bank balance
A partner is dormant
A new partner is admitted
Correct answer is B
No explanation has been provided for this answer.