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.
Direct labour
Direct expenses
Direct materials
Factory overhead
Correct answer is B
No explanation has been provided for this answer.
A non-cash expense chargeable against profit and loss account is
Insurance payable
Debenture interest
Provision for doubtful debts
Rent and rates
Correct answer is C
No explanation has been provided for this answer.
1825 days
365 days
73 days
5 days
Correct answer is C
No explanation has been provided for this answer.
Assets and Capital
Capital and Profit
Liabilities and Assets
Capital and Liabilities
Correct answer is A
No explanation has been provided for this answer.
The accounting concept which distinguishes an enterprise from its owners is
Money measurement
Dual aspect concept
Going concern concept
Business entity concept
Correct answer is D
No explanation has been provided for this answer.