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 source document that aids the ascertainment of amount paid out of current account is the?
Teller
Cheque stub
Cheque
Teller stub
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an example of intangible assets?
Trade debtors
Stock of goods
Trade creditors
Motor vehicles
Correct answer is A
No explanation has been provided for this answer.
The main objective of bookkeeping is to record economic?
Transactions systematically for routine managerial decision-making
Events clearly to ensure adequate checks and balances
Events clearly to facilitate strategic managerial desicion-making
Transaction systematically to ascertain the financial position of a business
Correct answer is D
No explanation has been provided for this answer.
What is the gross profit margin?
N100%
N50%
N40%
N30%
Correct answer is B
No explanation has been provided for this answer.
N12,500
N10,000
N8,000
N7,500
Correct answer is C
No explanation has been provided for this answer.