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.
When a share is sold for less than its nominal value, the difference is called
Discount
Reserve
Premium
Loss
Goodwill
Correct answer is A
No explanation has been provided for this answer.
N4,000
N3,000
N2,000
N1,600
N1,000
Correct answer is E
No explanation has been provided for this answer.
N24,000
N23,000
N20,000
N15,000
N8,000
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a factory overhead?
Carriage on raw materials
Purchase of raw materials
Production wages
Direct expenses
Depreciation of factory equipment
Correct answer is E
No explanation has been provided for this answer.
Current asset
Current liability
Contingent liability
Fictitious asset
Provision
Correct answer is B
No explanation has been provided for this answer.