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.
How are credit sales by a department treated?
The same way as normal debtors' transactions
In a different way from normal debtors' transactions
As an addition to the production manager's account
As an addition to the production managers' account
Correct answer is A
No explanation has been provided for this answer.
Manufacturing accounts
Consolidated accounts
Departmental accounts
Joint venture accounts
Correct answer is C
No explanation has been provided for this answer.
Current assets
Current liability
Capital
Reserve
Correct answer is B
No explanation has been provided for this answer.
Deficit
Surplus
Gain
Loss
Correct answer is A
No explanation has been provided for this answer.
In the balance sheet, the subscription in arrears will be?
N200
N300
N1,200
N1,300
Correct answer is C
No explanation has been provided for this answer.