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.
N30000
N28000
N24000
N20000
Correct answer is D
No explanation has been provided for this answer.
N11500
N12000
N13000
N13500
Correct answer is A
No explanation has been provided for this answer.
Miscellaneous expense is 10% of revenue Calculate the net income.
N583,000
N563,000
N483,000
N581,000
Correct answer is A
miscellaneous = 10% of 820,000
10/100×820,000 = 82,000
miscellaneous expense= 82,000
Expenses = office rent + nepa (light) + salary of staff + miscellaneous
20,000 + 15,000 + 120,000 + 82,000 = 237,000
net income = revenue - expenses
820,000 - 237,000 = 583000
N12000
N15000
N10000
N14500
Correct answer is A
No explanation has been provided for this answer.
N4500
N6000
N4000
N5000
Correct answer is D
No explanation has been provided for this answer.