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.
₦130,000
₦75,000
₦80,000
₦125,000
Correct answer is B
25/100 x 100,000 = 25,000
100,000 - 25,000 = 75,000
A source document is used for verifying the
amount due from debtors
amount due to creditors
selling price of goods
actual cost of an asset
Correct answer is C
No explanation has been provided for this answer.
Recurrent expenditures are expenses for the period not exceeding
10years
2years
5years
1year
Correct answer is D
No explanation has been provided for this answer.
The prime cost is the total of the
direct materials+direct labour+direct wages
production cost+selling expenses
administrative expenses+selling expenses+distribution expenses
direct materials+work overhead expenses
Correct answer is A
No explanation has been provided for this answer.
Use the information below to answer this question
₦275,000
₦200,000
₦755,000
₦215,000
Correct answer is B
No explanation has been provided for this answer.