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.
A rent received by a trader for sub-letting part of his business premises should be added to the?
Gross profit
Total profit
Net profit
Total revenue
Correct answer is A
No explanation has been provided for this answer.
In a three-column cash book,the discount allowed is shown on the?
Debit side
Credit side
Folio column
Memorandum column
Correct answer is A
No explanation has been provided for this answer.
N50
N200
N300
N450
Correct answer is A
No explanation has been provided for this answer.
N150
N250
N350
N500
Correct answer is B
No explanation has been provided for this answer.
Credit balance of N200,000
Debit balance of N200,000
Credit balance of N3,200,000
Debit balance of N3,200,000
Correct answer is C
No explanation has been provided for this answer.