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.
#57,470
#41,070
#40,210
#35,300
Correct answer is A
No explanation has been provided for this answer.
The value of the sales ledger control account is derived from the summation of
The total debtor's account
The total creditor's account
All day books
Both the debtor's and creditor's accounts
Correct answer is A
No explanation has been provided for this answer.
A book of account that possesses the features of both day book and ledger is
Sales day book
Cash book
Purchases day book
Returns day book
Correct answer is B
No explanation has been provided for this answer.
The control account is used in facilitating
The location of errors in the various accounts
Up to date bank transactions
The payment of debts and liabilities of the firm
Assets distribution with respect to income
Correct answer is A
No explanation has been provided for this answer.
#801,000
#1,100,500
#1,160,500
#1,175,500
Correct answer is D
No explanation has been provided for this answer.