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.
Which of the following accounts for the highest revenue to Nigeria?
Import duties
Personal income tax
Petroleum income tax
Company tax
Correct answer is C
No explanation has been provided for this answer.
The fund in which all government receipt are paid is?
Consolidated revenue fund
Development fund
Trust fund
Contingency fund
Correct answer is A
No explanation has been provided for this answer.
The founders of a company are?
Promoters
Shareholders
Canvassers
Stakeholders
Correct answer is A
No explanation has been provided for this answer.
Capital contribution
Number of partner admitted
The business and customer relations
Number of active partners
Correct answer is B
No explanation has been provided for this answer.
Which of the following can be used on admission of a new partnership?
Revaluation account
Profit account
Capital account
Trading account
Correct answer is A
No explanation has been provided for this answer.