1. Aptitude test- Accountant / Finance officer

Recently, you applied a vacancy of Accountant/Finance officer which was advertised by Cornerstone.

Please complete this form to submit your aptitude test -
Instructions:
1. This test must be done not later than 25 minutes from the start. The system time check is running in the background.
2. There are 20 questions in the test, do all questions. Only one attempt is allowed.
3. Note that your application will not be submitted until you click the “Submit” button at the end of this form



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* 2. Personal Information:

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* 3. Where do you see your self in the next five years to come?

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* 4. Which of the following is an item of working capital?

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* 5. Brown Glory Corp. has sales revenue of $150,000, sales discounts of
    $12,000, sales returns allowances of $24,000, and cost of goods sold of
     $60,000. What would be the net sales revenue of Brown Glory Corp.?

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* 6. To which account in the Balance Sheet is the net income or net loss transferred to at the end of the accounting period?

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* 7. To which account in the Balance Sheet is the depreciation expenses transferred to at the end of the accounting period?

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* 8. Which of the following documents authorizes the purchase transaction?

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* 9. Accounts Payable is classified as a/an ___________ in the _____________.

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* 10. What is meant by accounts receivable?

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* 11. What is the latest/current IFRS that was rolled out in the accounting world

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* 12. The following item is not a type of tax chargeable in United republic of Tanzania

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* 13. Withholding tax for rent is charged at rate of

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* 14. Accrual principle means that expenses should be recorded when paid.

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* 15. In practice, Accountants should first prepare balance sheet and then prepare trial balance

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* 16. Account receivables and creditors are two words in Accounting that refer to the same thing

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* 17. The main difference between accounting for service organisation and accounting for trading/manufacturing organisation is on inventory

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* 18. In practice, there is no difference between revenue and capital. They are both money that business obtain and use for business purpose.

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* 19. The company has acquired a computer for 5,000,000 and intend to use for 5 years. The depreciation for this asset should be 1,000,000 every year.

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* 20. I have the following qualifications for accounting/ Auditing

0 of 20 answered
 

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