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 receipt from a special tax levy to pay maturing interest obligation are recorded in
Capital fund project
Debt Service Fund
Tax Assessment Fund
Special Revenue Fund
Correct answer is C
No explanation has been provided for this answer.
Fixed expenditure
Capital expenditure
Annual expenditure
Recurrent expenditure
Correct answer is D
No explanation has been provided for this answer.
An advantage of using accounting ratios is that they
Can be easily calculated
Facilitate decision making
Are stipulated by law
Shows error and fraud
Correct answer is B
No explanation has been provided for this answer.
Memorandum of association
Article of association
Prospectus
Company law
Correct answer is B
No explanation has been provided for this answer.
N40
N48
N50
N80
Correct answer is A
No explanation has been provided for this answer.