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 charged to the
Debit side of profit and loss account
Credit side of profit and loss account
Credit side of trading account
Debit side of profit and loss Appropriation account
Debit side of Balance under current liabilities
Correct answer is A
No explanation has been provided for this answer.
Which of the following statements is not valid?
Provision for bad debts is deducted from debtors total in the Balance sheet
An increase in provision for bad debts appears on the debi side of the profit and loss account
A decrease in the provison for bad debts appears on the credit side of profit and loss account
The bad debt account is closed to the debit side of the profit and loss account
Bad debt is a deduction from debtors total afte making provision for bad and boughtful debts
Correct answer is E
No explanation has been provided for this answer.
100%
67%
50%
33%
22%
Correct answer is B
No explanation has been provided for this answer.
100%
67%
50%
33%
22%
Correct answer is D
No explanation has been provided for this answer.
N60,000
N45,000
N40,000
N35,000
N20,000
Correct answer is D
No explanation has been provided for this answer.