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.

2,803.

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would be?

A.

N2,241

B.

N2,214

C.

N2,141

D.

N2,114

Correct answer is C

No explanation has been provided for this answer.

2,804.

The main objective of accounting report is to provide information about?

A.

A company's shareholding

B.

An entity's management

C.

The efficacy of assets

D.

A company's economic resources

Correct answer is B

No explanation has been provided for this answer.

2,805.

Cost accounting entails the provision of information?

A.

For investment purposes

B.

For descision making

C.

To shareholders

D.

To stockholders

Correct answer is B

No explanation has been provided for this answer.