Accounts - Principles of Accounts

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Past Questions

Year1996
Exam TypeWAEC
Question 26
waec 1996
a

credit side of sales ledger balances

b

debit side f bought ledger balances

c

credit side of bought ledger balances

d

debit side of sales ledger balances

e

sales ledger balances as contra entry

Question 27
waec 1996
a

dividend received on behalf of customers

b

bank charges

c

insurance premium paid on behalf of customers

d

dishonoured cheques

e

uncredited charges

Question 28
waec 1996
a

real and cash accounts

b

capital and nominal accounts

c

real and normal accounts

d

investment and real accounts

e

interest received and real account

Question 29
waec 1996
a

ordinary dividend

b

general reserve

c

preference dividend

d

debenture interest

e

revenue reserve

Question 30
waec 1996
a

debited to cash account and credit to asset account

b

credited to cash account and debited to asset account

c

debited to cash account and credited realisation account and credited to realisation account

d

credited to cash account and debited to realisation account

e

debited to realisation account abnd credited to asset account

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