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.
A decrease in the provision for doubtful debts result in
An increase in net profit
A decrease in gross profit
An increase in gross profit
A decrease in net profit
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question
What was the amount of sales for the year?
N8,500
N6,625
N6,500
N6,000
Correct answer is C
No explanation has been provided for this answer.
The balance on the sales ledger control Account at the end if the accounting year represents total
trade debtors at the end of the year
cash sales for the year
credit sales for the year
amount transferred from the sales day book
Correct answer is A
No explanation has been provided for this answer.