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.
Working capital
Accumulated fund
Consolidated fund
Reserved capital
Correct answer is B
No explanation has been provided for this answer.
N24,000
N21,000
N18,000
N9,000
Correct answer is D
No explanation has been provided for this answer.
N48,000
N39,000
N36,000
N21,000
Correct answer is A
No explanation has been provided for this answer.
N39,000
N16,000
N14,000
N12,000
Correct answer is D
No explanation has been provided for this answer.
The double entry for refund of unsuccessful application monies is debit
Application for shares account, credit bank account
Bank account, credit application for shares account
Allotment account, credit bank account
Cash account, credit bank accountÂ
Correct answer is A
No explanation has been provided for this answer.