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.
80
100
60
160
Correct answer is C
No explanation has been provided for this answer.
The item on the credit side of the trading account is the?
Returns outwards
Carriage on sales
Sales
Purchases
Correct answer is C
No explanation has been provided for this answer.
In a period of declining price, which of the following methods would result in higher profit?
FIFO
Simple average
LIFO
Weighted average
Correct answer is A
No explanation has been provided for this answer.
The type of expense charged against administration of a firm is the?
Repairs on building
Interest paid on loan
Discount allowed
Tax expense
Correct answer is A
No explanation has been provided for this answer.
iii and v
ii and i
iv and v
i and iv
Correct answer is D
No explanation has been provided for this answer.