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.
Debit Latifat's account, credit cash book with N100
Credit Latifat's account, debit cash book with N100
Credit Latifa's account, debit cash book with N200
Debit Latifat's account, credit cash book with N200
Credit Latifat's account, debit Suspense account with N200
Correct answer is C
No explanation has been provided for this answer.
i
ii
iii
i and ii
i and iii
Correct answer is A
No explanation has been provided for this answer.
A charge for the wear and tear of a fixed asset
The cost of replacing a fixed asset
The loss incurred on the sale of a fixed asset
The cost of repairs incurred on a fixed asset
The increase in value of a fixed asset
Correct answer is D
No explanation has been provided for this answer.
The price paid for the purchase of for the purchase of a business is
Debited to the cash account and credited to the vendor's account
Credited to the cash account and debited to the vendor's account
Credited to the business purchases account and debited to the assets account
Debited to the business purchase account and credited to the assets account
Credited to the cash account and debited to the assets account
Correct answer is B
No explanation has been provided for this answer.
Which of the following is related to debtors account?
Purchases ledger
General ledger
Norminal ledger
Sales ledger
Private ledger
Correct answer is D
No explanation has been provided for this answer.