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.
An example of a nominal account is
Kofi and Ali Account
Plant and Machinery Account
Profit and loss account
Cash and bank account
Correct answer is C
No explanation has been provided for this answer.
Set-off is carried out in the control account when
A business organization is both a customer and a supplier
Customers refuse to pay their debts
The debtors settle their accounts
Customers cheques are dishonoured
Correct answer is B
No explanation has been provided for this answer.
Capital and drawings accounts are kept in the
General ledger
Purchases ledger
Sales ledger
Private ledger
Correct answer is D
No explanation has been provided for this answer.
$25,000
$415,000
$12,000
$7,000
Correct answer is C
No explanation has been provided for this answer.
$57,000
$45,000
$42,000
$39,000
Correct answer is C
No explanation has been provided for this answer.