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.
N48,000
N42,000
N36,000
N24,000
N12,000
Correct answer is B
No explanation has been provided for this answer.
Mr. B sod goods worth N200 on credit to Mr. C. The credit sales should be entered into
Sales day book
Trading account
Profit and loss account
Purchases day book
Mr. B's Account
Correct answer is A
No explanation has been provided for this answer.
Mr. B sod goods worth N200 on credit to Mr. C. Mr. B should debit this to
Profit and loss account
Manufacturing account
Sales account
Mr. C's account
Mr. B's account
Correct answer is D
No explanation has been provided for this answer.
Payment is shown in the Balance Sheet as
Current asset
Liability
Capital
Fixed asset
Investment
Correct answer is A
No explanation has been provided for this answer.
Which of the following fixed assets is not depreciable?
Building
Tools
Land
Motor van
Furniture
Correct answer is C
No explanation has been provided for this answer.