[ 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 1993

Accounts - Principles of Accounts 1993 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 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 Agent
6
Payment for future services are
  • A. prepayment
  • B. deposit
  • C. accruals
  • D. invesment
  • E. advances
View Answer & Discuss WAEC 1993
7
An excess of the value of the assets over the purchases consideration for acquisition of business is credited to
  • A. general reserve
  • B. capital reserve
  • C. goodwill
  • D. current asset
  • E. share capital
View Answer & Discuss WAEC 1993
8
shares are sold at less than nominal value. They are issued at a
  • A. profit
  • B. loss
  • C. discount
  • D. premium
  • E. par
View Answer & Discuss WAEC 1993
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
9
A share is under-subscribed when
  • A. it is offered for sale at less than the nominal value
  • B. it is offered for sale at nominal value
  • C. the number of shares applied for is less than the offer
  • D. it is offered for sale at more thn norminal value
  • E. the number of shares applied for is more than the offer
View Answer & Discuss WAEC 1993
10
Mark-up on goods sent to branch offices are recorded in the books by creating
  • A. stock adjustment account debiting branch stock account
  • B. goods sent to branch account and debiting branch stock account
  • C. branchh stock account and debiting stock adjustment account
  • D. cash account and crediting branch stock account
  • E. branch stock account and crediting defalcations account
View Answer & Discuss WAEC 1993
Start a Free Practice Test
 
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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent