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.
N17,300
N17,000
N15,000
N14,700
N12,000
Correct answer is B
No explanation has been provided for this answer.
Discount allowed is a charge made against
Trading account
Profit and loss account
Approbation account
Current account
Nominal account
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a debit entry in the Bought Ledger?
Cash
Discount received
Purchases
Returns outcards
Bills payable
Correct answer is C
No explanation has been provided for this answer.
Share certificate
Preference certificate
Debenture certificate
Allotment certificate
Call certificate
Correct answer is C
No explanation has been provided for this answer.
Reserved expenditure warrant
Provisional general warrant
Contigency warrant
Supplementary general warrant
Virement warrant
Correct answer is C
No explanation has been provided for this answer.