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.
Which of the following is a debit item in the purchase ledger control account?
Balance b/d
Cheque dishonoured
Balance c/d
Purchases
Correct answer is C
No explanation has been provided for this answer.
The objective of a departmental accounts is to ascertain the
Number of staff in the department
Departmental performance
Stock held by the department
Departmental labour
Correct answer is A
No explanation has been provided for this answer.
The interest on partner's loan is
credited in current account
debited in profit and loss account
credited in profit and loss account
debited in current account
Correct answer is B
No explanation has been provided for this answer.
The principle of double entry system ensures
balances at the bank
increase in the assets and liabilities
balance of cashbook
mathematical accuracy in trial balance
Correct answer is C
No explanation has been provided for this answer.
₦34,000
₦4,000
₦30,000
₦15,000
Correct answer is C
No explanation has been provided for this answer.