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.
Consolidated fund
Recurrent fund
Accumulated fund
Working capital
General reserve
Correct answer is C
No explanation has been provided for this answer.
The trading account is usually headed
For the year ended............19 x 1
For............19 x 1
As.............19 x 1
As at.........19 x 1
...................19 x 1
Correct answer is A
No explanation has been provided for this answer.
i
ii
iii
i, ii and iii
i and ii
Correct answer is E
No explanation has been provided for this answer.
N42,500
N40,500
N40,000
N38,000
N32,000
Correct answer is C
No explanation has been provided for this answer.
Materials consumed
Direct labour
Direct overhead
Administration overhead
Work-in-progress
Correct answer is D
No explanation has been provided for this answer.