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.
In order to make the cash book balance equal to the bank statement, it is usual to add?
Uncredited cheques
Direct payments by bank
Bank charges
Unprecedented cheques
Correct answer is D
No explanation has been provided for this answer.
Debtor's account and credit provision for bad debt
Bad debt account and credit debtor's account
Debtor's account credit bad debt
Provision for bad debt account and credit debtor's account
Correct answer is B
No explanation has been provided for this answer.
N32,500
N32,000
N31,000
N29,500
Correct answer is A
13,600 + (69,000 - 51,600) + 3,000 - 1500 (discount)
13,600 + 17,400 + 3000 - 1500 = 32,500
The conventional sources of public revenue includes
Loans, taxation, foreign reserves and dividends
Interest, royalties, taxation and loans
Crude oil, interest, posted price and taxation
Taxation, deficit budgeting, royalties and loans
Correct answer is B
No explanation has been provided for this answer.
Which of the following account is kept by local governments in Nigeria?
Balance sheet
Advances account
Debtors account
Profit account
Correct answer is B
No explanation has been provided for this answer.