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.
Bank charges
Presented cheque
Direct transfer
Standing order
Uncredited lodgements
Correct answer is B
No explanation has been provided for this answer.
Sales day book
Purchases day book
Cash book
Cheque book
Journal book
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a revenue receipt?
Receipt from sales of goods
Rent from premises sublet
Interest on savings account
Cash on sale of fixed asset
Receipt from trade debtors
Correct answer is E
No explanation has been provided for this answer.
Which of the following serves the same purpose as a Trading Account?
Branch Adjustment Account
Goods sent to Branch Account
Branch Stock Account
Branch Debtors Account
Branch Returns Account
Correct answer is C
No explanation has been provided for this answer.
When a share is sold for less than its nominal value, the difference is called
Discount
Reserve
Premium
Loss
Goodwill
Correct answer is A
No explanation has been provided for this answer.