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 is used in locating errors in the ledger?
Trading account
Trial balance
Control account
Journal proper
Correct answer is C
No explanation has been provided for this answer.
Which of the following items is not shown in the Trial Balance
closing stock value
opening stock balance
opening debtors balance
closing asset value
Correct answer is A
No explanation has been provided for this answer.
The capital of not-for profit making organization is
Capital reserve fund
Accumulated fund
Endowment fund
Development fund
Correct answer is B
No explanation has been provided for this answer.