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.
Calculate the closing stock under FIFO method
N875
N675
N600
N300
Correct answer is B
No explanation has been provided for this answer.
Determine the closing stock under LOFO method
N575
N500
N375
N275
Correct answer is A
No explanation has been provided for this answer.
Based on the FIFO method of valuation the total cost of the raw materials issued is
N150
N160
N240
N250
Correct answer is C
No explanation has been provided for this answer.
