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 principle entry book-keeping states that every
every debit entry must have a corresponding credit entry
debtor must have a creditor
double debit must must have a double credit entry
account debited should also be credited
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question
N5,350
N5,150
N4,500
N4,250
Correct answer is A
No explanation has been provided for this answer.
The sales day Book is used to record
cash and credit sales
credit sales
cash sales
sales to middleman
Correct answer is A
No explanation has been provided for this answer.
A list of all credit and debit balance from the ledger accounts is
Trial balance
Profit and loss statement
Statement of affairs
Balance sheet
Correct answer is A
No explanation has been provided for this answer.
Which of the following accounts has a debit balance?
Capital reserve
Revenue reserve
Share premium
Share discount
Correct answer is D
No explanation has been provided for this answer.