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.

2,507.

The factor that determine the periodic depreciation charge are?

A.

Asset cost, market value and useful life

B.

Asset cost, market value and residusl value

C.

Asset value, cash value useful life

D.

Asset cost, salvage and useful life

Correct answer is D

No explanation has been provided for this answer.

2,509.

The medium that enables the ATM to read the account details and process transaction directly with the account held in the bank is the?

A.

Smart card

B.

Communication network

C.

Magnetic strip

D.

Computerized account

Correct answer is A

No explanation has been provided for this answer.

2,510.

Commission-on-turnover is charged on?

A.

Current accounts only

B.

Savings accounts only

C.

Fixed deposit accounts only

D.

All bank accounts

Correct answer is A

No explanation has been provided for this answer.