Accounting questions and answers

Accounting Questions and Answers

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.

1,823.

Which of the following is a journal as well as an account?

A.

Sales day book

B.

Cash book

C.

General journal

D.

Purchases journal

Correct answer is C

No explanation has been provided for this answer.

1,824.

Where the head office maintains all books of account, goods sent to branch is credited to

A.

Goods sent to branch account

B.

Branch stock account

C.

Branch stockk adjustment account

D.

Head office current account

Correct answer is A

No explanation has been provided for this answer.

1,825.

Which of the following columns of a three column cash book are memoranda? i. Discount ii. Discount allowed iii. Cash iv. Bank

A.

i ans ii only

B.

i and iii only

C.

ii and iii only

D.

iii and iv only

Correct answer is D

No explanation has been provided for this answer.