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 law that currently regulates the registration of companies in Nigeria is the?
Constitution of the Federal Republic of Nigeria, 1999
Nigeria Enterprises Promotion Decree, 1972
Companies and Allied Matters Decree, 1990
Companies Decree, 1968
Correct answer is C
No explanation has been provided for this answer.
The main difference between the ordinary and preference shareholders is that?
The former receive dividends while the latter do not
The latter are not members of the company while the former are
In the case of winding up, the former are paid first before the latter
The former have voting rights while the latter do not
Correct answer is D
No explanation has been provided for this answer.
Investment and credit cash
Investment and credit shares
Purchases and credit cash
Purchases and credit shares
Correct answer is C
No explanation has been provided for this answer.
Absorption
Merger
Conversion
Dissolution
Correct answer is A
No explanation has been provided for this answer.
On the dissolution of a partnership business,the net book value of the assets is transferred to?
Debit of realization account
Credit of realization account
Credit of bank account
Debit of bank account
Correct answer is B
No explanation has been provided for this answer.