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.
Authorised capital
Paid-up capital
Uncalled capital
Unissued capatal
Correct answer is D
No explanation has been provided for this answer.
Rent owed by a department is treated in the Balance sheet as
Asset of the business
Asset of the department
Liability of the business
Liability of the department
Correct answer is C
No explanation has been provided for this answer.
Computer memory sizes are measured in
Kilometers
Kilowatts
Kilobytes
Centimetres
Correct answer is C
No explanation has been provided for this answer.
i and ii
i and iii
ii and iii
i, ii and iii
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an example of capital reserve?
Share premium
Retained profits
Surplus on revaluation of assets
Pre-incorporation profits
Correct answer is D
No explanation has been provided for this answer.