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.
Wages accrued is shown in the balance sheet as
An asset
An income
An expense
A liability
Correct answer is D
No explanation has been provided for this answer.
₦40,000
₦20,000
₦30,000
₦10,000
Correct answer is B
No explanation has been provided for this answer.
Monetary
Cost
Conservatism
Historical
Correct answer is C
No explanation has been provided for this answer.
Kola 1/3, Sunday 1/3 and Kemi 1/3
Kola 1/5, Sunday 1/5 and Kemi 3/5
Kola 2/5, Sunday 1/5 and Kemi 2/5
Kola 2/5, Sunday 2/5 and Kemi 1/5
Correct answer is D
No explanation has been provided for this answer.
Memorandum
Deed
Financial regulation
Bye-law
Correct answer is B
No explanation has been provided for this answer.