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 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.
The excess of current assets over current liabilities is
working capital
preference capital
loan capital
founder's capital
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
8 bits
9 bits
16 bits
64 bits
Correct answer is B
No explanation has been provided for this answer.
Debit profit and loss appropristion account, credit current account
Debit profit and loss appropriation account, credit capital account
Debit current account, credit caapital account
Debit profit and loss account, credit current account
Correct answer is A
No explanation has been provided for this answer.