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.
#224,950
#225,000
#324,950
#325,000
Correct answer is B
No explanation has been provided for this answer.
Credit #1,600,000
Debit #1,600,000
Credit #1,600,000
Debit #800,000
Correct answer is D
No explanation has been provided for this answer.
The details of the share capital which a company is authorized to issue is contained in the
Articles of Association
Companies and Allied Matters Act
Memorandum of Association
Share capital certificate
Correct answer is C
No explanation has been provided for this answer.
Payment for shares in excess of amount offered gives rise to
Subscription in advance
Revenue reserves
Capital reserves
Calls-in-advance
Correct answer is C
No explanation has been provided for this answer.
The expenses incurred in purchasing a vehicle is a
Revenue expenditure
Capital expenditure
Recurrent expenditure
Concurrent expenditure
Correct answer is B
No explanation has been provided for this answer.