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.
Which of the following does not relate to government accounting system?
Vote
Trial balance
Consolidated fund
Profit and loss account
Correct answer is D
No explanation has been provided for this answer.
The head office usually issues goods to branches at
Prime cost
Production cost
Net realisable value
Cost price
Correct answer is D
No explanation has been provided for this answer.
The accounting entries for recording cash withdrawal by the proprietor for personal use are, debit
Cash and credit purchases
Purchases and credit drawings
Purchases and credit cash
Drawings and credit cash
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a primary source of entry into the debtors ledger?
Suppliers invoice
Returns outward notes
Sales invoices
Payment vouchers
Correct answer is C
No explanation has been provided for this answer.
The purchases Ledger control Account is also referred to as
Total creditors Accounts
Total debitors Account
Cash Account
Personal Account
Correct answer is A
No explanation has been provided for this answer.