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.

1,196.

An expenses is said to be revenue in nature if it

A.

Adds or contributes to the operating income of the business

B.

Necessitates the introduction of additional capital

C.

Reduces the capital of the business

D.

Adds to or improves the value of fixed assets

Correct answer is A

No explanation has been provided for this answer.