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.
Opening stock + Purchases + carriage inwards is equal to
Total sales
Cost of goods sold
Cost of goods available for sale
Gross profit
Prime cost
Correct answer is C
No explanation has been provided for this answer.
Which of the following is the least liquid?
Stock
Debtors
Bills receivable
Payment machinery
Correct answer is D
No explanation has been provided for this answer.
When a shareholder fails to pay the calls requested from him, this situation leads to
Forfeiture of shares
Bonus shares
Over-subscription
Right issues
Correct answer is A
No explanation has been provided for this answer.
Which of the following is nit a petty cash book item? purchase of
Machinery
Stamps
Office pins
Milk
Correct answer is A
No explanation has been provided for this answer.
Into how many major types can general purpose computers be classified?
Six
Five
Four
Three
Correct answer is D
No explanation has been provided for this answer.