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.
The accounting method that reports incomes when earned and expenses when incurred is called?
Cash accounting
Commitment accounting
Fund accounting
Accrual accounting
Correct answer is D
No explanation has been provided for this answer.
Cash and credit debenture
Debenture and credit cash
Cash and credit capital
Capital and debit cash
Correct answer is B
No explanation has been provided for this answer.
Cash account and credit realization account
Assets account and credit realization account
Realization account and credit realization account
Assets account and credit cash account
Correct answer is A
No explanation has been provided for this answer.
N6000 and N5000
N3000 and N3400
N4000 and N4000
N3000 and N600
Correct answer is D
No explanation has been provided for this answer.
N12,000
N10,000
N8,000
N7,000
Correct answer is C
No explanation has been provided for this answer.