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?
Plant and machinery
Stock
Goodwill
Preliminary expenses
Overdraft
Correct answer is E
No explanation has been provided for this answer.
Which of the following is the most liquid?
Land and buildings
Cash at bank
Machinery
Goodwill
Furnitures and fittings
Correct answer is B
No explanation has been provided for this answer.
Interest on Johnson's drawing is
N500
N300
N200
N150
N100
Correct answer is B
No explanation has been provided for this answer.
Which of the following does not belong to the group?
Discount allowed
Salaries and wages
Sundry expenses
Rates and rent
Return inwards
Correct answer is E
No explanation has been provided for this answer.
The amount of individual items on a government budget is called
A vote
A deposit
A investment
A loan
A grant
Correct answer is A
No explanation has been provided for this answer.