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
iii
ii and iii
i, ii and iii
Correct answer is A
No explanation has been provided for this answer.
Which of the following should be included in the adjusted cash book?
Bank charges and commission
Cheques issued, presented and cashed
Bank deposits
Cash payments made by the firm
Opening bank overdraft
Correct answer is A
No explanation has been provided for this answer.
The balance of the pretty cash book should be
Deducted from the balance of the cash account
Shown in the balance sheet as cash-in-hand
Reconciled with the bank balance
Returned to the sales manager
Shown in the balance sheet as liability
Correct answer is B
No explanation has been provided for this answer.
i and iii
i, ii, and iii
iii
i and ii
ii and iii
Correct answer is B
No explanation has been provided for this answer.
An overdraft is usually shown as a
Credit balance in the cash column of the cash book
Debit balance in the cash column of the cash book
Debit balance in the loan account
Credit balance in the bank column of the cash book
Debit balance in the bank column of the cash book
Correct answer is D
No explanation has been provided for this answer.