Log In SignUp
Classroom

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.

3,370 questions JAMB 1611 WAEC 1757 CUSTOM 2
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

3,370 questions
All JAMB WAEC CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 3,370 total questions
Question 611
waec 2013
At the end of trading period, cost of goods sold is debited to the trading account while cost of services is debited to the
Abalance sheet
Bmanufacturing account
Ctradding account
Dprofiy and loss account
View Explanation & Discuss
Question 612
waec 2013

Which of the following is not part of prime cost of production?

Adepreciation of factory equipment
Bdirect expenses
Cdirect wages
Dcarriage on raw materials
View Explanation & Discuss
Question 613
waec 2013

Upon the dissolution of partnership business, the party to be settled first out of the proceeds realized is

Aunsecured creditors
Bpartner's loan and advances
Csecured creditors
Dpartners' capital
View Explanation & Discuss
Question 614
waec 2013

The basic assumption which underline the preparation of periodic financial statement is known as accounting

Abases
Btechniques
Cconcepts
Dmethod
View Explanation & Discuss
Question 615
waec 2013

Which of the following relates to the essence of partnership? To

Arun a charity organization
Bpursue a social objective
Cform a business for profit
Drun a religious objective
View Explanation & Discuss
Question 616
waec 2013

In a non-for-profit making organization, the cash book is referred to as

Aincome and expenditure acount
Breceipts and payments account
Ctwo column cashbook
Dpetty cash bok
View Explanation & Discuss
Question 617
waec 2013

When the going concern concept is no longer applicable, the fixed assets are recorded at their

Anet book value
Brealizable value
Cgross value
Drevalued amount
View Explanation & Discuss
Question 618
waec 2013

The process of detecting, tracing and eliminating errors in a computer program is

Areproduction
Bdebugging
Csorting
Dretrieving
View Explanation & Discuss
Question 619
waec 2013

the process of detecting, tracing and eliminating errors in a computer program is

Areproduction
Bdebugging
Csorting
Dretrieving
View Explanation & Discuss
Question 620
waec 2013
the process of detecting, tracing and eliminating errors in a computer program is
Areproduction
Bdebugging
Csorting
Dretrieving
View Explanation & Discuss
Question 621
waec 2013

A set of instrument or programs which controls the operation of a computer is

Asoftware
Bhardware
Cmonitor
Dkeyboard
View Explanation & Discuss
Question 622
waec 2013

When a business is purchased from a sole trader, the excess of the purchase price over the net assets is

Areserve
Bgoodwill
Cfeehold
Dvaluation price
View Explanation & Discuss
Question 623
waec 2013

Which of the following is not an item on the credit side of the purchases ledger control account?

Acash received
Bcash payment
Ccontra settlement
Dcheque payment
View Explanation & Discuss
Question 624
waec 2013
Use the following information to answer the given question
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120,000\\ \text{Salaries} & 60,000\\ \text{Maintenance of vehicles} & 49,000 \\ \text{Park collections} & 100,000\end{array}\)
The total expenditure for the period is
ALe 319,000
BLe 270,000
CLe 139,000
DLe 109,000
View Explanation & Discuss
Question 625
waec 2013
Use the following information to answer the given question
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120,000\\ \text{Salaries} & 60,000\\ \text{Maintenance of vehicles} & 49,000 \\ \text{Park collections} & 100,000\end{array}\)
The balance at the end of the period is
ALe 270,000
BLe 139, 000
CLe 131,000
DLe 120,000
View Explanation & Discuss
Question 626
waec 2013

The public account committee is an organ of

Amilitary regime
Bparliament regime
Cprecidency
Dcouncilors
View Explanation & Discuss
Question 627
waec 2013

In departmental accounts, administrative expenses are recorded in the

Atrading account
Bbalance sheets
Cprofit and loss account
Dprofit and loss appropriation account
View Explanation & Discuss
Question 628
waec 2013

Which of following is a recurrent expenditure in public sector accounting?

Apurchase of vehicles
Bpurchase of drugs
Cconstruction of bore holes
Dconstruction of buildings
View Explanation & Discuss
Question 629
waec 2013

a low current ratio in business indicates that the business is

Along term loan repayment problem
Befficient in the utilization of its resources
Cunable to pay its bills on time
Dgrowing its net assets effectively
View Explanation & Discuss
Question 630
waec 2013

Agreement between partners is contained in the partnership

Aact
Bdeeds
Caccord
Ddeal
View Explanation & Discuss
Question Navigator
Current
MathsFaculty