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 recording phase of accounting is known as?
Bookkeeping
Trial balancing
Ledger accounting
Final accounting
Correct answer is A
No explanation has been provided for this answer.
The transaction that completes its double entry in the same ledger account appears in
Cash account and personal account
Bank account and general ledger
Discount received and discount allowed
Cash account and bank account
Correct answer is D
No explanation has been provided for this answer.
Realization concept
Substance over form
Conservatism
Measurement concept
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer question.
Cash and credit bank
Bank and credit cash
Cash and credit cash
Bank and credit bank
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer question.
N5000
N1900
N1000
N950
Correct answer is C
No explanation has been provided for this answer.