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.
Stock
Returns
Discount
Sales
Purchases
Correct answer is D
No explanation has been provided for this answer.
N2,400
N3,000
N9,800
N1,400
Correct answer is D
No explanation has been provided for this answer.
An organization which has records of only personal accounts is said to be operating on the basis of
Single entry
Real accounts
Nominal accounts
Double entry
Correct answer is A
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
N10,500
N13,500
N13,890
N9,500
Correct answer is C
No explanation has been provided for this answer.
Payments
Stocking
Delivery
Discounts
Correct answer is A
A receipt is a written acknowledgment of having received, or taken into one's possession, a specified amount of money, goods, etc.