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.
An organization which has records of only personal accounts is said to be operating on the basis of
Single entry
Real accounts
Nominal accounts
Double entry
Correct answer is A
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
100%
67%
50%
33%
22%
Correct answer is B
No explanation has been provided for this answer.
100%
67%
50%
33%
22%
Correct answer is D
No explanation has been provided for this answer.
N10,500
N13,500
N13,890
N9,500
Correct answer is C
No explanation has been provided for this answer.
N60,000
N45,000
N40,000
N35,000
N20,000
Correct answer is D
No explanation has been provided for this answer.