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.
Dividend proposed by a company is shown in its Balance Sheet as
Current asset
Current liability
Long-term liability
Fixed asset
Correct answer is B
No explanation has been provided for this answer.
Company tax paid is debited to
Profit and loss appropriation
Manufacturing account
Profit and loss account
Trading account
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an externally visible part of a computer?
Central processing unit
Microchip
Monitor
Keyboard
Correct answer is B
No explanation has been provided for this answer.
The document which advertises the sale of shares of a company is a/an
Prospectus
Debenture
Statement
Invoice
Correct answer is A
No explanation has been provided for this answer.
The transformation of pieces of information into a more useful format is
Data processing
Information processing
Computerization
System analysis
Correct answer is A
No explanation has been provided for this answer.