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 sharing is in the ratio of capital. The divisible profit is
Le 14,000
Le 12,000
Le 10,000
Le 8,000
Correct answer is D
No explanation has been provided for this answer.
The concept applied in calculating the stock figure to be included in the balance sheet at the year end is
Matching
Consistency
Prudence
Entity
Correct answer is A
No explanation has been provided for this answer.
Calculate the stock figure to be included in the balance sheet at the year end.
D408,000
D346,000
D284,000
D62,000
Correct answer is C
No explanation has been provided for this answer.
The returns on capital employed is
17.2%
16.2%
15.2%
11.2%
Correct answer is B
No explanation has been provided for this answer.
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