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.
The purchase of a typewriter for office use for N2,500 should be debited to
Bank accountÂ
Sales account
Cash account
Purchases account
Assets account
Correct answer is E
No explanation has been provided for this answer.
A credit note from a supplier for damaged goods would first be entered in the
Purchase day book
Sales day book
Cash book
Returns inwards book
Returns outwards book
Correct answer is E
No explanation has been provided for this answer.
The sales day book will show goods sold
For cash and credit
For cash
On credit
To wholesalers
To retailers
Correct answer is C
No explanation has been provided for this answer.
The principal of double entry book-keeping is that
Every debtor must have a creditor
Every account debited must be immediately credited
For every debit there must be a corresponding credit
For every double debit, threre must be a double credit
For every item there must be a double entry
Correct answer is C
No explanation has been provided for this answer.
i
ii
iii
i and ii
i and iii
Correct answer is D
No explanation has been provided for this answer.