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.
Accrual accounting differs from cash accounting because it recognizes
Prepayment and cash
Cash and creditors
Cash and debtors
Debtors and creditors
Correct answer is D
No explanation has been provided for this answer.
Use the following information below to answer this question
₦450
₦300
₦50
₦200
Correct answer is C
No explanation has been provided for this answer.
Use the following information below to answer this question
₦150
₦350
₦250
₦500
Correct answer is B
No explanation has been provided for this answer.
The rule of accounting equation requires that account payable should be placed under
Equities
Assets
Capital
Liabilities
Correct answer is D
No explanation has been provided for this answer.
In a control account, provision for bad debts is found on the
Credit side of the sales ledger control account
Debit side of the purchases ledger control account
Debit side of the sales ledger control account
Credit side of the purchases ledger control account
Correct answer is A
No explanation has been provided for this answer.