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.
Use the following information to answer this question
Gross profit 50,400
Discounts relieved 3,300
Discounts allowed 2,500
Net profit 26,500
Cost of goods sold 184,000
Other operating expenses for the period is
GH¢27,300
GH¢25,700
GH¢24,700
GH¢23,900
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer this question
Gross profit 50,400
Discounts relieved 3,300
Discounts allowed 2,500
Net profit 26,500
Cost of goods sold 184,000
GH¢234,400
GH¢210,500
GH¢133,600
GH¢76,900
Correct answer is A
No explanation has been provided for this answer.
A business includes 50% mark-up on all its products. This would mean margin of
66 2/3%
66 1/3%
33 2/3%
33 1/3%
Correct answer is D
No explanation has been provided for this answer.
A business includes 50% mark-up on all its products. This would mean margin of
66 2/3%
66 1/3%
33 2/3%
33 1/3%
Correct answer is D
No explanation has been provided for this answer.
The major source of revenue for central/federal government is
Tenement rate
Excise duty
Market toll
Parking roll
Correct answer is B
No explanation has been provided for this answer.