[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - 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
26
Commission received is entered on the
  • A. credit side of the profit and loss account
  • B. credit side of the trading account
  • C. credit side of the cash book
  • D. debit side of the profit and loss account
  • E. debit side of thetrading account
View Answer & Discuss WAEC 1990
27
The balance of the sales account is transferred to the trading account by
  • A. debiying the profit and loss account
  • B. debiting the trading account
  • C. debiting the sales account
  • D. crediting the profit and loss account
  • E. crediting the sales account
View Answer & Discuss WAEC 1990
28
What are the entries of posting credit purchases into the purchases ledger control account?
  • A. debt purchases ledger control accoun only
  • B. debit both purchases account and purchases ledger control account
  • C. credit purchases acount, debit purcases ledger control account
  • D. credit both purchases ledger control account and the purchases accunt
  • E. debit purchases account, credit purchases ladger control account
View Answer & Discuss WAEC 1990
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
Post UTME Past Questions Agent
29
When precision for depreciation account is maintained, the annual charge for depreciation shall be
  • A. debited to the provision account and credited to profit and loss account
  • B. debited to the asset account and credited to profit and loss account
  • C. debited to profit and loss account and credited provision account
  • D. debited to the asset account and credited to the provisio account
  • E. debiited to theprovisiom account and credited to the asser account
View Answer & Discuss WAEC 1990
30
The straight-line depreciation is
  • A. a fixed sum set aside for the replacement of the asset
  • B. a fixed percentage of the balance of the asset at the end of the year
  • C. an estimated amount each year
  • D. an inctease in the value of the asset
  • E. a fixed percentage of the cost of the asset written off each year
View Answer & Discuss WAEC 1990
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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