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 expenses is said to be revenue in nature if it
Adds or contributes to the operating income of the business
Necessitates the introduction of additional capital
Reduces the capital of the business
Adds to or improves the value of fixed assets
Correct answer is A
No explanation has been provided for this answer.
42%
12%
56%
59%
63%
Correct answer is B
No explanation has been provided for this answer.
N90.00
N5.00
N40.00
N30.00
N2.00
Correct answer is A
No explanation has been provided for this answer.
N10,000
N30,000
N40,000
N60,000
N70,000
Correct answer is D
No explanation has been provided for this answer.
N130,000
N140,000
N170,000
N180,000
N240,000
Correct answer is D
No explanation has been provided for this answer.