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.
N560,000
N220,000
N800,000
N1,000,000
Correct answer is A
No explanation has been provided for this answer.
N240,000
N280,000
N40,000
N56,000
Correct answer is C
No explanation has been provided for this answer.
Fixed assets ratio
Capital gearing ratio
Current assets ratio
Acid test ratio
Correct answer is D
No explanation has been provided for this answer.
Branch should debit goods received from head ofice with N50,000
Head office should debit goods sent to branch account with N10,000
Head office should debit goods sent to branch account with N50,000
Branch should debit goods received from head office with N10,000
Correct answer is B
No explanation has been provided for this answer.
In the trading and profit and loss account of a manufacturing organization, purchases is?
Always the same amount as the total factory overhead cost
Given separately
Equivalent to the total cost of goods manufactured
Always the same as the prime cost
Correct answer is B
No explanation has been provided for this answer.