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 employed is
₦740,000
₦580,000
₦370,000
₦280, 000
Correct answer is C
No explanation has been provided for this answer.
The current ratio is?
1.87 : 1
1 : 1.87
1 : 2
2 : 1
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the question given
Sales for the year is
D42,795
D41,865
D41,580
D39,720
Correct answer is C
Sales = Closing Debtors - opening debtors + cash from customers
= 2145 - 1215 + (40,650)
= 930 + 40,650 + 41,580
Use the following information to answer the question given
Purchases for the year is
D32,880
D32,780
D32,460
D31,960
Correct answer is C
Purchase = closing creditor - opening creditor + cash from paid to creditors + returns outwards
2,285 - 2,495 + (32,170 + 500)
-210 + 32,670 = 32,460
The total expenditure for the period is
Le 319,000
Le 270,000
Le 139,000
Le 109,000
Correct answer is D
No explanation has been provided for this answer.
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