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.
Verifiability in accounting is only possible when there are
Minutes of meetings
Payment vouchers
Source documents
Audit certificates
Correct answer is C
No explanation has been provided for this answer.
Use the information below to answer question
N9700
N8700
N7900
N7800
Correct answer is A
No explanation has been provided for this answer.
The two legally recognized professional accounting bodies in Nigeria are the
Institute of Certified Public Accountants of Nigeria and the Institute of cost and Management Accountants of Nigeria
Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
Nigeria Accounting Association and the Excutive Cost and Management Accounts of Nigeria
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used to update the cash book in bank reconciliation?
Interest received and unpresented cheques
Commission and debit note
Unpresented cheques and direct credit
Interest received and direct credit
Correct answer is D
No explanation has been provided for this answer.
Fund accounting
Commitment accounting
Cash accounting
Accrual accounting
Correct answer is C
No explanation has been provided for this answer.