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 claim on the assets of a business by outsiders is
Capital
Liabilities
Reserves
Provisions
Correct answer is B
No explanation has been provided for this answer.
Customers use the financial position of a company to
Assess the financial position of the business
Regulate their activities
Ascertain the taxable profit of the business
Be sure of the extent of job security
Correct answer is A
No explanation has been provided for this answer.
If a petty cashier has a cash float of Le 39,000 and Le 37,500 is spent, he will be reimbursed with
Le 40,500
Le 39,000
Le 37,500
Le 1,500
Correct answer is C
No explanation has been provided for this answer.
Which of the following items will not be entered in the adjusted cash book?
Dishonoured cheques
Direct payments to bank
Uncredited cheques
Standing order payments
Correct answer is C
No explanation has been provided for this answer.
Bank reconciliation statement
Bank statement
Credit transfer
Banker's advice
Correct answer is B
No explanation has been provided for this answer.