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.
A
B
C
D
Correct answer is A
No explanation has been provided for this answer.
Rent prepaid as at 1st January, 2002 was N15,000. How much was paid for rent in 2007?
N80,000
N75,000
N55,000
N35,000
Correct answer is B
No explanation has been provided for this answer.
A business operates on a mark-up of 25%. If cost of goods sold is N800,000. What is the profit?
N360,000
N200,000
N160,000
N40,000
Correct answer is B
No explanation has been provided for this answer.
Subvention
Budget
Deposit
Estimates
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the basis of accounting in public service?
Profit
Accrual
Expenditure
Cash
Correct answer is D
No explanation has been provided for this answer.