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 are examples of Nominal account?
Land and insurance
Cash and interest
Building and cash
Machinery and wages
Rent and discount
Correct answer is E
No explanation has been provided for this answer.
N910
N650
N637
N377
N260
Correct answer is E
No explanation has been provided for this answer.
N910
N650
N637
N377
N260
Correct answer is B
No explanation has been provided for this answer.
The person who has applied for shares in a company is called
Allotee
Subscriber
Promoter
Shareholder
Applicant
Correct answer is E
No explanation has been provided for this answer.
Which of the following is no part of prime cost of production?
Cost raw materials
Carriage on raw materials
Direct expenses
Direct wages
Depreciation of factory equipment
Correct answer is E
No explanation has been provided for this answer.