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.
Which of the following is a factory overhead?
Depreciation of plant and machinery
Royalties
Raw materials consumed
Carriage outwards
Correct answer is A
No explanation has been provided for this answer.
Depreciation of assets is provided for provided for in consideration of
Disposal
Loss by fire
Loss in transit
Wear and tear
Correct answer is D
No explanation has been provided for this answer.
Cost of running a business
Money spent on buying goods for resale
Money spent on acquire fixed assets
Extra capital paid in by the proprietor
Correct answer is C
No explanation has been provided for this answer.
N18,150 Cr
N16,150 Cr
N10,150 Cr
N6,150 Cr
Correct answer is D
No explanation has been provided for this answer.
N40,500
N30,500
N30,000
N25,000
Correct answer is B
No explanation has been provided for this answer.