FINANCIAL ACCOUNTING PAST QUESTIONS APP (SSCE/NECO/NABTEB/GCE)

FINANCIAL ACCOUNTING PAST QUESTIONS

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SSCE/NECO/GCE (FINANCIAL ACCOUNTING)

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FINANCIAL ACCOUNTING PAST QUESTIONS APP

These are Financial Accounting Past Questions. Questions will be picked at random from the question bank.

You can use the NEXT button to move to the next question, use the PREV button to move to the previous question, the CLEAR button to clear any answer of your choice and you have the FINISH button to end the exam if you choose to.

Any question not answered before the end of the exam time, will be marked as wrong and the exam will end by itself. so try to attempt all questions on time.

Goodluck!

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Carriage outwards is charged to the

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Accounts payable is

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The amount for which a business is sold is known as

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The maximum amount which a company can raise by way of selling share is

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Rent receivable is a

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is a current assets item?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following will not make a trial balance total to agree?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

A company charges out goods to a branch at cost plus 25 per cent. It invoiced N12, 000 worth of goods. The mark-up is

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is treated under partnership Appropriation Account?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following serves the same purpose as the income and Expenditure Account of a non-trading organisation?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following entries is made when damaged goods are returned to the supplier?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The payee of a cheque is the

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is true in public sector accounting? Cost of assets is

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The purpose of a trading account is to ascertain

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

When a shareholder fails to pay the calls requested from him, this situation leads to

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Cash discount is given for

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Fixed assets include

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is a fictitious asset?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following does not relate to a non-for-profit-making organisation?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Carriage outwards is the amount spent on transportation

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Where a proprietor withdraws cash from bank for office use, the entries would be

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is an asset?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Provision for discount on debtors is to be

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The chief accounting officer of Nigeria is called the

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is found in the personal ledger?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The balance sheet is a statement showing

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

What are accounting entries for bad debts recovered?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

When a share is sold for less than its nominal value, the difference is debited to

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Sales of goods for N500 to Eddy were not posted. This is an error of

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The loss made by a non-trading organization is called

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is not a cause for the difference between bank statement balance and cash book balance?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The Accountant General disburses government fund by the use of

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following is the least liquid?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Errors in the ledger can only be corrected through

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following serves the same purpose as a trading account?

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

The person who has applied for shares in a company is called

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Interest on partner’s drawing is credited to

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

A document which acknowledge that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

A payment of N150 to a creditor is

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Category: FINANCIAL ACCOUNTING PAST QUESTIONS

Which of the following does not lead to depreciation of assets?

Your score is

The average score is 14%

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