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.
In Manufacturing Account, prime cost plus factory overhead is known as
Conversion cost
Cost of raw materials consumed
Total cost
Production cost
Cost of work in progress
Correct answer is D
No explanation has been provided for this answer.
N8.00
N7,000
N6,000
N5,000
N1,000
Correct answer is E
No explanation has been provided for this answer.
N16,000
N14,000
N12,000
N8,000
N6,000
Correct answer is B
No explanation has been provided for this answer.
N16,000
N14,000
N12,000
N8,000
N6,000
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a normal account?
Machinery
Debtors
Creditors
Salaries
Goodwill
Correct answer is D
No explanation has been provided for this answer.