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.
i
ii
i and ii
i and iii
iii
Correct answer is E
No explanation has been provided for this answer.
Pending the location of error, the difference disclosed in the trial balance is normally posted to
An adjustment account
A control account
A suspense account
A profit and loss account
A trading account
Correct answer is C
No explanation has been provided for this answer.
Allowance for prompt payment
Allowance for damaged goods
Allowance off price list
Discount on creditors
Discount on debitors
Correct answer is C
No explanation has been provided for this answer.
When a buyer returns damages goods to the seller, the buyer receives a
Pro-forma invoice
Credit note
Debit note
Consignment note
Goods return note
Correct answer is B
No explanation has been provided for this answer.
Which of the following in a classified form contains a permanent record of all transactions? The
Sales day book
Cash book
Ledger
Journal
Purchases day book
Correct answer is C
No explanation has been provided for this answer.