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.
$90,000
$82,000
$78,000
$70,000
Correct answer is B
No explanation has been provided for this answer.
The net book value of the machine as at 31st December 2017 was
44,000
41,200
39,000
38,760
Correct answer is B
No explanation has been provided for this answer.
2,360
2,280
2,200
1,600
Correct answer is C
No explanation has been provided for this answer.
The document used to correct an undercharge on an invoice is
Credit note
Debit note
Receipt
Voucher
Correct answer is B
No explanation has been provided for this answer.
The concept that recognizes revenue at the time of sale and not only when cash is received is
Cost concept
Realization concept
Accrual concept
Duality concept
Correct answer is B
No explanation has been provided for this answer.