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.
Which of the following does not belong to the group?
Straight line
Insurance policy
Diminishing balance
Reducing balance
Accumulated depreciation
Correct answer is B
No explanation has been provided for this answer.
i
i and ii
ii
iii
iv
Correct answer is E
No explanation has been provided for this answer.
Arithmetical accuracy of postings only
Accurate narration of the journa entries
Accuracy of the debt entry
Accuracy of the credit entry
Accuracy of ledger entries
Correct answer is A
No explanation has been provided for this answer.
Journal entry
Double entry
Suspense account entry
Adjustment entry
Contra entry
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a liability?
Accrued wages
Creditor
Prepayment
Insurance due but unpaid
Rent arrears
Correct answer is C
No explanation has been provided for this answer.