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 chief accounting officer of Nigeria is called the
Auditor general
Chief accountant
Treasurer
Accountant general
Minister of finance
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not true of a trial balance?
List taken of the account balance in the general ledger
Proof of the arithmetical accuracy of the ledger postings
Summary of data for the preparation of financial statement
List of account abstracted from a subsidiary ledger to check their agreement with the related control account
List of balances ensuring that the accounts are correct
Correct answer is D
No explanation has been provided for this answer.
Which of the following does not relate to a manufacturing concern?
Balance sheet
Profit and loss account
Ledger account
Cash book
Income and expenditure
Correct answer is E
No explanation has been provided for this answer.
Expenditure incurred to maintain an asset's earning capacity is called
Capacity expenditure
Revenue expenditure
General expenditure
Tangible expenditure
intangible expenditure
Correct answer is B
No explanation has been provided for this answer.
Consignee's account, credit cash account, credit cash account
Cash account, credit consignor's account
Consignee's account, credit cash account
Cash account, credit consignee's account
Account sales, credit consignee's account
Correct answer is A
No explanation has been provided for this answer.