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.
Payment for shares in installments is done by means of
Calls
Circulars
Subscription
Invitation
Correct answer is A
No explanation has been provided for this answer.
The class of shares to which payment of dividend depends on profit is
Forfeited shares
Ordinary shares
Bonus shares
Preference shares
Correct answer is B
No explanation has been provided for this answer.
Le 23,500
Le 18,500
Le 11,500
Le 13,000
Correct answer is B
No explanation has been provided for this answer.
The unit which keeps government's books of accounts is the
Central bank
Internal Audit department
Treasury Department
Accountand General's Department
Correct answer is C
No explanation has been provided for this answer.
Bank reconciliation statement reconciles
Bank and cash balances in cash book
Bank balance in the cash book and bank statement balance
Cash balance in the cash book and bank statement balance
Bank balance brought down balance brought down and bank balance carried dowm in the cash book
Correct answer is B
No explanation has been provided for this answer.