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.
In which ledger is the account of yao, a debtor found?
Nominal ledger
Purchases ledger
General ledger
Sales ledger
Correct answer is D
No explanation has been provided for this answer.
In which of the following is purchase of fixed assets on credit first recorders?
Purchases journal
Journal proper
Cash book
General ledger
Correct answer is B
No explanation has been provided for this answer.
Which of the following source documents is used for recording goods and returned to suppliers?
Invoice
Waybill
Debit note
Credit note
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an item of prime cost?
Royalities payable
Factory salaries
Depreciation of plant
Rent of factory building
Correct answer is A
No explanation has been provided for this answer.
₦262,000
₦224,000
₦221,000
₦176,000
Correct answer is C
No explanation has been provided for this answer.