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.
WHAT IS THE VALUE OF RAW MATERIALS ISSUED ON MAY 17TH BASED ON THE LIFO METHOD?
N60
N61
N62
N64
Correct answer is D
No explanation has been provided for this answer.
The depreciation to be charged to department T is ?
N300
N400
N500
N600
Correct answer is B
No explanation has been provided for this answer.
What is the net profit made by department S?
N3,600
N,3000
N2,400
N2,000
Correct answer is C
No explanation has been provided for this answer.
The value of the owner's equity is
N400,000
N900,000
N957,000
N1,357,000
Correct answer is C
No explanation has been provided for this answer.
What is the value of the authorized share capital?
N500,000
N600,000
N750,000
N1,200,000
Correct answer is C
No explanation has been provided for this answer.