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.

1,933.

In a not for profit making organization, the excess of income over expenditure is

A.

Added to capital

B.

Added to accumulated fund

C.

Deduced from capital

D.

Deducted from accumulated fund

Correct answer is B

No explanation has been provided for this answer.

1,934.

Programs installed in computers to facilitate processing of data are

A.

Hardwares

B.

Software

C.

Magnetic tapes

D.

Diskettes

Correct answer is B

No explanation has been provided for this answer.

1,935.

The document making a public offer for he sale of a company's share is

A.

Memorandum of association

B.

Articles of association

C.

Prospectus

D.

Certificate of registration

Correct answer is C

No explanation has been provided for this answer.