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.
Principle
Omission
Reversal of entries
Original entries
Correct answer is A
No explanation has been provided for this answer.
Commission of N5,000 to a sales representative is debited to salaries account. This is an error of
Reversal of entries
Principle
Commission
Compensation
Correct answer is B
No explanation has been provided for this answer.
Suppliers personal accounts are found in the
Purchases ledger
Sales account
Purchases accoun
Sales ledger
Correct answer is A
No explanation has been provided for this answer.
In which ledger is the control account prepared?
Nominal ledger
General ledger
Sales ledger
Purchases account
Correct answer is B
No explanation has been provided for this answer.
Of ordinary entry
Containing the ledgers
Found in the journal
Containing the balance sheet
Correct answer is A
No explanation has been provided for this answer.