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.
₦5,480,000
₦6,480,000
₦8,480,000
₦7,380,000
Correct answer is A
No explanation has been provided for this answer.
Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit
cash and credit stationery
purchases and credit stationery
stationery and credit purchases
stationery and credit cash
Correct answer is D
No explanation has been provided for this answer.
Interdepartmental transfer
Inter-departmental sales
Intra-departmental purchases
Intra-department sales
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a debit item in the purchase ledger control account?
Balance b/d
Cheque dishonoured
Balance c/d
Purchases
Correct answer is C
No explanation has been provided for this answer.
The objective of a departmental accounts is to ascertain the
Number of staff in the department
Departmental performance
Stock held by the department
Departmental labour
Correct answer is A
No explanation has been provided for this answer.