Accounting questions and answers

Accounting Questions and Answers

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.

2,347.

Which of the following signs general warrant for the release of money from the consolidated revenue fund?

A.

Minister of Finance

B.

Chairman, Economic Advisory Committee

C.

Permanent secretary

D.

Minister of Economic Planning

Correct answer is A

No explanation has been provided for this answer.

2,348.

The chief accounting officer of a local government is the?

A.

Chairman

B.

Treasurer

C.

Director of personnel

D.

Auditor

Correct answer is A

No explanation has been provided for this answer.

2,349.

Which of the following is a signatory to federal government account?

A.

Auditor-General

B.

Governor of Central Bank

C.

Accountant-General

D.

President

Correct answer is C

No explanation has been provided for this answer.

2,350.

If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?

A.

N500,000

B.

N450,000

C.

N550,000

D.

N420,000

Correct answer is D

No explanation has been provided for this answer.