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 document evidencing a disbursement of government fund is known as
Bill
Invoice
Till book
Payment voucher
Local purchase order
Correct answer is D
No explanation has been provided for this answer.
The authorized share capital of a limited liability company is the number of shares
Offered for sale
Called up
Approved in the memorandum of association
Subscribed
Paid up
Correct answer is C
No explanation has been provided for this answer.
N2,300
N2,200
N2,000
N1,800
N1,700
Correct answer is D
No explanation has been provided for this answer.
Which of the following is in the personal Ledger?
Discount allowed account
Interest received account
Cash sales account
Debtors account
Assets account
Correct answer is D
No explanation has been provided for this answer.
Discount allowed is a charge to
Trading account
Balance sheet
Profit and loss account
Profit and loss appropriation account
Current account
Correct answer is C
No explanation has been provided for this answer.