WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 1996

Accounts - Principles of Accounts 1996 WAEC Past Questions

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

Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
11
Debentures issued at a price above the nominal value are said to be issued
  • A. at discount
  • B. at premium
  • C. at subsidy
  • D. on goodwill
  • E. at a loss
View Answer & Discuss WAEC 1996
12
A trial balance is
  • A. an attempt to balance the accounts
  • B. the credit balances of the accounts
  • C. list of all balances extracted from the ledger
  • D. the debit balances of the accounts
  • E. balance sheet balances
View Answer & Discuss WAEC 1996
13
The balance sheet is a statement showing
  • A. all assets and liabilities
  • B. all balances
  • C. credit entries of the business
  • D. debit entries of the business
  • E. caoital and liabilities
View Answer & Discuss WAEC 1996
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
14
Which of the following entries would be made for goods bought and paid for immediately? Debit
  • A. cash account, credit sales account
  • B. purchases account; credit cash account
  • C. cash account; credit purchases account
  • D. purchases account; credit sales account
  • E. purchases account; credit goods account
View Answer & Discuss WAEC 1996
15
The purpose of a trading account is to ascertain
  • A. sales
  • B. gross profit or loss
  • C. net profit or loss
  • D. carriage outwarrds
  • E. appropriated profit
View Answer & Discuss WAEC 1996
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - 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
Post UTME Past Questions Agent