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.
A business includes 50% mark-up on all its products. This would mean margin of
66 2/3%
66 1/3%
33 2/3%
33 1/3%
Correct answer is D
No explanation has been provided for this answer.
The major source of revenue for central/federal government is
Tenement rate
Excise duty
Market toll
Parking roll
Correct answer is B
No explanation has been provided for this answer.
The value of goods sent to a branch is debited to the
goods sent to branch account
branch debtors account
branch adjustment account
branch stock account
Correct answer is A
No explanation has been provided for this answer.
The final stage of accounting process is
Interpretation
Recording
Reporting
Summarising
Correct answer is C
No explanation has been provided for this answer.
Commercial activities undertaken by a social club to raise funds include
Donation
Bar
Grant
Subscription
Correct answer is B
No explanation has been provided for this answer.