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 errors will affect the totals of a trial balance?
Compensating error
Complete reversal of entry
Error in addition
Error of original entry
Correct answer is C
No explanation has been provided for this answer.
In departmental accounts, rent is appointed on the basis of
Purchases
Floor area occupied
Number of personnel in each department
Volume of sales
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a subsidiary book?
Sales day book
Purchases day book
General journal
Trial balance
Correct answer is D
No explanation has been provided for this answer.
When a transaction is completely left out from the books, it is an error of
Commission
Omission
Principle
Compensation
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not recorded in a partnership appropriation account?
Interest on capital
Partners drawings
Share of profit
Interest on drawings
Correct answer is B
No explanation has been provided for this answer.