Study and practice Accounting past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Create and set up a CBT environment with your preferred subjects.
Practice JAMB CBT with real UTME past questions in CBT format.
CB-WASSCE styled past question practice.
SSCE & GCE styled past question practice.
Which of the following items is a current liability?
In accounting context, purchases refer to
In the preparation of the trading account of omuya Ltd., the company included credit sales of N18,000 made during the year. The concept guiding this treatment is the
Which of the following items of expense involves actual cash payment?
Bank reconciliation statement is prepared to reconcile the differences between
One of the purchases invoices of Mr.Dauda showed D96,240 less 12 \(\frac{1}{2}\)% trade discount and cash discount of 20%. Since Mr Dauda paid the amount due within the credit period, the amount paid is
Cash paid to jake, N2,500 was entered on the credit side of his account and debited to cash account. This is an error of
A petty cash account has an imprest of GH¢ 6,000. If GH¢ 2,000 were left, how much will be re-imbursed at the end of the period?
A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into the account. The new balance is
Which of the following errors are errors of commission?
I. A cheque paid to Adam debited to Adam's account.
II. Credit sales to Eva credited to sales account but debited to Eve's account.
III. Furniture repairs debited to furniture account.
IV. Credit purchases from Manu credited to Manu's account.
Nwoye buys stock and pays by cheque. The entries in the books of Nwoye is Debit
Which of the following are impersonal accounts ?
I. Investment
II. Creditors
III. Premises
IV. Debtors
V. Salaries
Every asset should have
External users of accounting information include
The quality of output information depends on the
Which of the following is a spreadsheet application?
Which of the following is found on the credit side of a partnership's appropriation of profit account?
Which of the following relates to cash basis of accounting?
The instrument used to release fund which the minister of finance has earlier withheld is
Which of the following is a source of revenue for a local government?