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 value of goods sent to a branch is debited to the
goods sent to branch account
branch debtors account
branch adjustment account
branch stock account
Correct answer is A
No explanation has been provided for this answer.
The final stage of accounting process is
Interpretation
Recording
Reporting
Summarising
Correct answer is C
No explanation has been provided for this answer.
Commercial activities undertaken by a social club to raise funds include
Donation
Bar
Grant
Subscription
Correct answer is B
No explanation has been provided for this answer.
GH¢46,000
GH¢36,000
GH¢26,000
GH¢10,000
Correct answer is C
No explanation has been provided for this answer.
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit
Cash D2,500; credit Dongo D2,500
Dongo D2,500; credit cash D2,500
Bad debt D2,500; credit Dongo D2,500
Dongo D2,500; credit bad debt D2,500
Correct answer is B
No explanation has been provided for this answer.