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.

2,667.

The market value of goods produced is?

A.

N30,500

B.

N30,600

C.

N31,600

D.

N31,620

Correct answer is B

No explanation has been provided for this answer.

2,669.

Cost classification in relation to charges is determined by the level of?

A.

Raw materials

B.

Labour

C.

Activity

D.

Profitability

Correct answer is C

No explanation has been provided for this answer.

2,670.

What is the figure for purchases?

A.

N2,400

B.

N2,500

C.

N4,200

D.

N5,200

E.

No option indicated

Correct answer is E

No explanation has been provided for this answer.