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.
The art of recording transactions in books of account is known as
Debiting
Book-keeping
Auditing
Crediting
Correct answer is B
No explanation has been provided for this answer.
Which of the following has multiple uses?
Sales journal
Purchases journal
General journal
Returns outwards journal
Correct answer is C
No explanation has been provided for this answer.
The purchase of a typewriter for office use was debited to purchases Account. This is an error of
Original entry
Commission
Principle
Omission
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a real account item?
Goodwill
Fixtures
Debtors
Interest
Correct answer is B
No explanation has been provided for this answer.
Which of the following transactions is posted to the nominal ledger?
Discounts allotted to customers
Cash paid by a customer
Purchase of fixed asset for cash
Cash paid to suppliers
Correct answer is A
No explanation has been provided for this answer.