Accounting questions and answers

Accounting Questions and Answers

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.

1,368.

The person who has applied for shares in a company is called

A.

Allotee

B.

Subscriber

C.

Promoter

D.

Shareholder

E.

Applicant

Correct answer is E

No explanation has been provided for this answer.

1,369.

Which of the following is no part of prime cost of production?

A.

Cost raw materials

B.

Carriage on raw materials

C.

Direct expenses

D.

Direct wages

E.

Depreciation of factory equipment

Correct answer is E

No explanation has been provided for this answer.

1,370.

The payee of a cheque is the

A.

Drawer's banker

B.

Drawee's banker

C.

Person named to receive the amount on the cheque

D.

Bank cashier

E.

Drawer

Correct answer is C

No explanation has been provided for this answer.