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 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.
suspense Account
trading account
control account
profit and loss account
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a source document?
credit note
invoice
debit note
bank note
Correct answer is D
No explanation has been provided for this answer.
Use the following information to answer the given question
N15,000
N14,750
N14,600
N14,450
Correct answer is D
No explanation has been provided for this answer.
Rent receivable account is an example of
norminal account
real account
personal account
private account
Correct answer is A
No explanation has been provided for this answer.