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.
In trial balance, income and liabilities are
Credited
Credited and debited respectively
Debited and credited respectively
Debited
Correct answer is A
No explanation has been provided for this answer.
The power to appoint the Auditor General of the Federation is vested in the
National Assembly
Civil Service Commission
Judicial Service Commission
President
Correct answer is D
No explanation has been provided for this answer.
Goods manufactured
Materials put into production
Goods available for sale
Goods sold
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 creditors control account
Total debtors control account
All day books
Both the debtors and creditors accounts
Correct answer is B
No explanation has been provided for this answer.
The standing order is a payment instruction given by a
Customer to a fellow customer
Bank to an employee
Customer to the bank
Bank to the customers
Correct answer is C
No explanation has been provided for this answer.