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.

2,698.

Which of these is a capital expenditure warrant?

A.

Provisional general warrant

B.

Development fund general warrant

C.

Reserved expenditure general warrant

D.

Supplementary warrant

Correct answer is B

No explanation has been provided for this answer.

2,700.

Receipts and payments accounts is the summary of

A.

Income and expenditure

B.

Cash book

C.

Balance sheet

D.

Profit and loss

Correct answer is B

No explanation has been provided for this answer.