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Accounting Past Questions

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.

45 questions JAMB 1611 WAEC 1757 CUSTOM 2

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Past Questions

45 questions

Question 1 of 5 45 total questions

Question 21

waec 2019

ln a not-for-profit organization, the accumulated fund is

Acurrent assets plus fixed assets less total liabilities

Blong-term liabilities plus current liabilities

Cfixed assets plus current assets plus long-term liabilities

Dfixed assets less long-term liabilities less current liabilities

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Question 22

waec 2019

The primary concern of shareholders in a business is the

Aascertainment of taxable profit

Bdividend payable

Cability to pay interest

Dwelfare of employees

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Question 23

waec 2019

To show the evidence of payment to a government ministry, the revenue collector issues a

A receipt voucher

Bpayment voucher

Ctreasury receipt

Dtreasury card

View Explanation & Discuss

Question 24

waec 2019

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a

Adouble entry

Bcash entry

Ccontra entry

Djournal entry

View Explanation & Discuss

Question 25

waec 2019

A quality of accounting information is that it should be

Aprofitable

Bverifiable

Cappreciable

Ddepreciable

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