Accounting questions and answers

Accounting Questions and Answers

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.

1,046.

The depreciation to be charged to department T is ?

A.

N300

B.

N400

C.

N500

D.

N600

Correct answer is B

No explanation has been provided for this answer.

1,047.

What is the net profit made by department S?

A.

N3,600

B.

N,3000

C.

N2,400

D.

N2,000

Correct answer is C

No explanation has been provided for this answer.

1,048.

The value of the owner's equity is

A.

N400,000

B.

N900,000

C.

N957,000

D.

N1,357,000

Correct answer is C

No explanation has been provided for this answer.

1,049.

What is the value of the authorized share capital?

A.

N500,000

B.

N600,000

C.

N750,000

D.

N1,200,000

Correct answer is C

No explanation has been provided for this answer.

1,050.

What is the capital at start?

A.

N53,000

B.

N63,000

C.

N73,000

D.

N83,000

Correct answer is D

No explanation has been provided for this answer.