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.
Use the following information to answer the given question
N10,000
N5,000
N4,000
N1,500
Correct answer is B
No explanation has been provided for this answer.
Current asset
Current liability
Capital
Long-term liability
Correct answer is A
No explanation has been provided for this answer.
N45,000
N12,000
N9,000
N4,500
Correct answer is C
No explanation has been provided for this answer.
Cost of repairs incurred on a fixed asset
A charge for the wear and tear of fixed assets
The cost incurred on replacing a fixed asset
Provision for loss of fixed asset
Correct answer is B
No explanation has been provided for this answer.
N45,000
N42,000
N36,000
N33,000
Correct answer is C
No explanation has been provided for this answer.