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
Sales for the year 450,000
Purchases for the year 230,000
Opening stock 60,000
Closing stock 40,000
88%
80%
44.44%
26.67%
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer this question
Sales for the year 450,000
Purchases for the year 230,000
Opening stock 60,000
Closing stock
88 days
73 days
58 days
41 days
Correct answer is A
No explanation has been provided for this answer.
i, ii and iii
i and ii
i and iii
ii and iii
Correct answer is A
No explanation has been provided for this answer.
Increase by GH¢2,000
Increase by GH¢l,000
Decrease by GH¢l,000
decrease by GH¢2,000
Correct answer is B
No explanation has been provided for this answer.
The major objectives of departmental account is to ascertain the
Materials sold in each department
Insurance premium payable on employees
Number of employees in each department
Contribution of each department to profit
Correct answer is D
No explanation has been provided for this answer.