[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 1990

Accounts - Principles of Accounts 1990 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
11
The principal of double entry book-keeping is that
  • A. every debtor must have a creditor
  • B. every account debited must be immediately credited
  • C. for every debit there must be a corresponding credit
  • D. for every double debit, threre must be a double credit
  • E. for every item there must be a doubkle entry
View Answer & Discuss WAEC 1990
12
The sales day book will show goods sold
  • A. for cash and credit
  • B. for cash
  • C. on credit
  • D. to wholwsalers
  • E. to retailers
View Answer & Discuss WAEC 1990
13
A credit note from a supplier for damaged goods would first be entered in the
  • A. purchase day book
  • B. sales day book
  • C. cash book
  • D. returns inwards book
  • E. returns outwards book
View Answer & Discuss WAEC 1990
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
14
The purchase of a typewriter for office use for N2,500 should be debited to
  • A. bank accoun
  • B. sales account
  • C. cash account
  • D. purchases account
  • E. assets account
View Answer & Discuss WAEC 1990
15
An overdraft is usually shown as a
  • A. credit balance in the cash column of the cash book
  • B. debit balance in the cash column of the cash book
  • C. debit balance in the loan account
  • D. credit balance in the bank column of the cash book
  • E. debit balance in the bank column of the cash book
View Answer & Discuss WAEC 1990
Start a Free Practice Test
 
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts