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 an example of direct expense?
Royalties
Carriag e inwards
Carriage outwards
Manufacturing wages
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not one of the uses of a journal proper? To record
small and repetive cash disbursements
purchases day book
writing off bad debts
debtors and creditors
Correct answer is A
No explanation has been provided for this answer.
Which of the following is found in the private ledger?
B. sales
sales account
drawings account
bank account
Correct answer is C
No explanation has been provided for this answer.
Current assets
Current liabilities
Debit and credit balances
Debtors and creditors
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not contained in a journal? To record
small and repetive cash disbursemens
purchase and sale of fixed assets on credit
writing off bad debts
debtors and creditors
Correct answer is C
No explanation has been provided for this answer.