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.
Profit expressed as a fraction of the selling price is known as
Mark-up
Margin
Gross profit
Net profit
Correct answer is B
No explanation has been provided for this answer.
In computing, external storage is called
Backing storage
Logging storage
Primary storage
Extra storage
Correct answer is A
No explanation has been provided for this answer.
Current liability
Current asset
Long term liability
Fixes asset
Correct answer is A
No explanation has been provided for this answer.
N2,000
N1,700
N1,400
N1,300
Correct answer is A
No explanation has been provided for this answer.
When a buyer is undercharged, the seller forwards
A debit note
A credit note
An undercast note
A payment receipt
Correct answer is A
No explanation has been provided for this answer.