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Accounts - Principles of Accounts Past Questions

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1421
Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200 \\ \text{Bank charged} & 300 \\ \text{Unpresented cheques} & 2,400\end{array}\)
The adjusted cash book balance is
  • A. ₦18,900
  • B. ₦18,000
  • C. ₦17,700
  • D. ₦16,500
View Answer & Discuss (1) WAEC 2003
1422
Which of the following transactions is posted to the nominal ledger?
  • A. discounts alloed to customers
  • B. cash paid by a customer
  • C. purchase of fixed asset for cash
  • D. cash paid to suppliers
View Answer & Discuss WAEC 2003
1423
Which of the following is a real account item?
  • A. goodwill
  • B. fixtures
  • C. debtors
  • D. interest
View Answer & Discuss WAEC 2003
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1424
Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200\\ \text{Bank charged} & 300\\ Unpresented cheques} & 2,400\end{array}\)
The balance as per statement is
  • A. ₦21,300
  • B. ₦16,500
  • C. ₦16,500
  • D. ₦14,100
View Answer & Discuss WAEC 2003
1425
The purchase of a typewriter for office use was debited to purchases Account. This is an error of
  • A. original entry
  • B. commission
  • C. principle
  • D. omission
View Answer & Discuss WAEC 2003
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