Accounts - Principles of Accounts

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Past Questions

Question 1491
waec 2001
a

reversal of entries

b

principle

c

commission

d

compensation

Question 1492
waec 2001
a

principle

b

omission

c

reversal of entries

d

original entries

Question 1493
waec 2001
a

increases in asset accounts are entered on the debit side

b

decreases in assets accounts are entered on the credit side

c

increases in liability accounts are entered on the credit side

d

decreases in liability accounts are entered on the credit side

Question 1494
waec 2001
a

salaries account

b

machinery account

c

debtors account

d

creditors account

Question 1495
waec 2001
a

N520,000

b

N500,000

c

N480,000

d

N460,000

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