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.
N4,000
N3,200
N3,000
N2,800
Correct answer is B
No explanation has been provided for this answer.
To be paid to creditors
Set out of profit for future use
For paying dividends
Recovered from debts earlier written off
Correct answer is B
No explanation has been provided for this answer.
The total of the purchases day book is posted to the purchases account in the
general ledger
purchases journal
private ledger
purchases ledger
Correct answer is D
No explanation has been provided for this answer.
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.