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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.

127 questions JAMB 1611 WAEC 1757 CUSTOM 2
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Past Questions

127 questions
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Question 1 of 7 127 total questions
Question 61
jamb 2024

The short term solvency of a company is determined with ___ ratio

Adebtors to equity
Bcurrent
Cacid test
Dgross profit margin
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Question 62
jamb 2024

A public limited liability company can get additional fund through the issue of

Acheque
Baccumulated fund
Cconsolidated fund
Ddebenture
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Question 63
jamb 2024

An example of fictitious assets is

Astock
Boverdraft
Cgoodwill
Dprofit
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Question 64
jamb 2024

Goods bought on credit are first entered in the

Acash book
Bjournal proper
Csales day book
Dpurchases day book
View Explanation & Discuss
Question 65
jamb 2024

The amount by which assets exceeds liabilities is

Acapital
Bpremium
Cbonus
Dprovision
View Explanation & Discuss
Question 66
custom 2024
Which is an asset?
Aloan
Bcash
Cwages
Drent
Question 67
custom 2024
Money invested by the owner into a business is
Acapital
Bexpense
Crevenue
Dliability
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