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.
Carriage outwards is accounting term for amount spent on
Goods purchased
Goods sold
Excess stock
Goods for production
Goods returned to stock
Correct answer is B
No explanation has been provided for this answer.
Liability of tthe business to its proprietor
Money owed by the company to others
Money owed to the company by others
Total of the long-term liabilities
Total of the short-term liabilities
Correct answer is A
No explanation has been provided for this answer.
If the Opening stock is undervalued
Goods available would be understated and gross profit overstated
Goods available and gross profit would be understates
Goods and aavailable would be overstated and gross profit understated
Gross profit and goods available would be overstated
Cost of goods sold would be overstated
Correct answer is A
No explanation has been provided for this answer.
i
ii
iii
i and ii
ii and iii
Correct answer is A
No explanation has been provided for this answer.
The authority of the accountant-General to disburse from government fund is called
Voucher
Warrant
Estimate
Provision
Vote
Correct answer is B
No explanation has been provided for this answer.