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.
Into how many types can general purpose computers be classified?
Three
Four
Five
Six
Correct answer is A
No explanation has been provided for this answer.
The amount for which a business is sold is
Purchase consideration
Premium
Capital reserve
Goodwill
Correct answer is A
No explanation has been provided for this answer.
On pro-rate
At discount
At par
At premium
Correct answer is A
No explanation has been provided for this answer.
The document authorising an officer to incur expenditure is known as
Virement
Budget
Warrant
Vote
Correct answer is C
No explanation has been provided for this answer.
The total of the purchases day book is posted to the purchases account in the
Purchases ledger
General ledger
Private ledger
Nominal ledger
Correct answer is B
No explanation has been provided for this answer.