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.
4000
300
4300
5000
Correct answer is C
No explanation has been provided for this answer.
Formation
Dissolution
Winding up
Termination
Correct answer is B
No explanation has been provided for this answer.
In departmental accounting, which is not a transfer pricing_________
Cost based transfer price
Market based transfer pricing
Dual pricing system
Peak pricing
Correct answer is D
No explanation has been provided for this answer.
Price above or below the stipulated price
Any price but not below the transfer price
Cost price
A price that is equal to the mark up
Correct answer is A
Cost plus mark up is a pricing strategy in which the selling price is determined by adding a specific amount mark up to a product unit cost
Selling price
Fixed percentage on cost
Cost price
Invoice price
Correct answer is C
Goods are transferred from head office to branch at cost price, selling price and cost price plus mark up