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.
The class of shareholders who are paid last in the event of wedding-up are
Ordinary
Preference
Founder
Treasury
Correct answer is A
No explanation has been provided for this answer.
Which of the following is does not relate to a non-for-profit-making organization?
Balance sheet
Receipt and payment account
Ledger Accounts
Profit and Loss Account
Correct answer is D
No explanation has been provided for this answer.
A class of preference shares in which dividend rights are carried forward is
cumulative
participating
redeemable
floating-rate
Correct answer is A
No explanation has been provided for this answer.
Goodwill is taken into account in partnership when
the business has good customer relations
the business is making huge profit
a new partner is admitted
a parner becomes dormant
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer the question
How many bits make 1 byte?
8 bits
9 bits
16 bits
64 bits
Correct answer is B
No explanation has been provided for this answer.