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.
The authority of the Accountant-General to disburse from government fund is
Provision
Warrant
Vote
Estimate
Correct answer is B
No explanation has been provided for this answer.
Which of the following is found in a Sales Ledger Account?
Credit purchases
Bill payable
Discount received
Discount allowed
Correct answer is D
No explanation has been provided for this answer.
Prepayment is treated in the balance sheet of firm as a
Fixed asset
Long-term liability
Current asset
Current liability
Correct answer is C
No explanation has been provided for this answer.
Which of the following are Personal Accounts? i. wages ii. debtors ii. creditors iv. buildings
i, ii and iii only
ii and iii only
ii and iv only
iii and iv only
Correct answer is B
No explanation has been provided for this answer.
₦2,250
₦2,160
₦1,800
₦1,440
Correct answer is B
No explanation has been provided for this answer.