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 current growth in the volume of trading and financial dealings in Nigeria is helped by?
Increased financial activities
Government intervention
Credit as a factor in business
Payment for goods in cash
Correct answer is A
No explanation has been provided for this answer.
N6,120,000
N6,120,300
N8,280,000
N8,820,000
Correct answer is A
No explanation has been provided for this answer.
A major benefit derived from the reconciliation of branch and head office books is to?
Determine accurate returns by the branch
Ascertain the correct profit or loss on branch activities
Enable the branch to keep control over stock
Enable the branch to ascertain debtor's balance
Correct answer is A
No explanation has been provided for this answer.
Recurrent expenditure are expenses for the period not exceeding?
10 years
5 years
2 years
1 year
Correct answer is D
No explanation has been provided for this answer.
The channel through which all government borrowing and domestic lending transactions pass is called
Special trust fund
Agency fund
National loan fund
Contingency fund
Correct answer is D
No explanation has been provided for this answer.