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 salary of a shop keeper who sells goods would be charged in the
Balance sheet
Sales account
Profit and loss account
Trading account
Manufacturing account
Correct answer is D
No explanation has been provided for this answer.
N3,186
N2,255
N2,175
N2,055
N1,935
Correct answer is B
No explanation has been provided for this answer.
N3,186
N2,866
N2,255
N2,175
N1,935
Correct answer is E
No explanation has been provided for this answer.
A balance of N102 on waged account was transferred as N120. This is error of
Transposition
Omission
Principle
Original entry
Compensation
Correct answer is A
No explanation has been provided for this answer.
Which of the following belongs to the Nominal Ledger?
Creditors account
Debtors account
Salaries account
Fixtures account
Stock account
Correct answer is C
No explanation has been provided for this answer.