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.
Which of the following documents set out the internal regulations of a partnership?
Law
Deed
Regulation
Code
Correct answer is B
No explanation has been provided for this answer.
Which of the following brings a company into legal existence?
Certificate of incorporation
Memorandum of association
Articles of association
Company law
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the basis for apportioning rent among departments?
Sales
Floor area
Number of employees
Direct labour cost
Correct answer is B
No explanation has been provided for this answer.
The transfer of goods between departments is recorded be debiting
the receiveing department and crediting the giving department
the giving department and crediting the receiving department
stock account and crediting trading account
trading account and crediting purchases account
Correct answer is A
No explanation has been provided for this answer.
N1.00
N0.50
N0.45
N0.40
Correct answer is B
No explanation has been provided for this answer.