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.
Goods purchased for N92 was entered in the books as N29. This is an error of
Compensation
Omission
Commission
Principle
Original entry
Correct answer is E
No explanation has been provided for this answer.
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a
Omission
Compensation
Commission
Principle
Original entry
Correct answer is D
No explanation has been provided for this answer.
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an error of
Omission
Compensation
Commission
Principle
Original entry
Correct answer is C
No explanation has been provided for this answer.
Sale of goods for N500 to Eddy was not posted. This is an error of
Omission
Compensation
Commission
Principle
Ordinary entry
Correct answer is A
No explanation has been provided for this answer.
Debit side of the profit and loss account
Credit side of the profit and loss account
Debit side of the appropriation account
Debit side of the current account
Credit side of the appropriation account
Correct answer is D
No explanation has been provided for this answer.