Accounts - Principles of Accounts

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Past Questions

Year1995
Exam TypeWAEC
Question 1
waec 1995
a

reduction in net profit

b

reduction in cash balance

c

reduction in gloss profit

d

increase in gross profit

e

increase in net profit

Question 2
waec 1995
a

accrual

b

cash

c

income

d

expenditure

e

profit

Question 3
waec 1995
a

profit

b

reserve

c

premium

d

dividend

e

interest

Question 4
waec 1995
a

goods sold

b

cash received

c

dishonoured cash

d

payment to debtors for claim

e

interest charges

Question 5
waec 1995
a

ordinary entry

b

omission

c

commission

d

compensation

e

principle

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