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.
Total Debtors and Creditors Accounts
Bank Reconciliation Statement
Statement of Affairs
Trading, Profit and Loss Accounts
Balance Sheet
Correct answer is C
No explanation has been provided for this answer.
Which of the following best described the path of a transaction?
Source documents to Journal to Ledger
Source documents to Ledger to Journal
Journal to Ledger to source documents
Journal to source documents to Ledger
Ledger to Joural to source documents
Correct answer is A
No explanation has been provided for this answer.
The amount of a company's profit given to a shareholder is known as
Premium
Dividend
Interest
Allotment
Warrant
Correct answer is B
No explanation has been provided for this answer.
The person who is responsible for the formation of a company is called the
Promoter
Dividend
Shareholder
Director
Subscriber
Correct answer is A
No explanation has been provided for this answer.
The amount for which a business is sold is known as
Goodwill
Capital reserve
Purchase consideration
Premium
Equity
Correct answer is C
No explanation has been provided for this answer.