Accounts - Principles of Accounts 1996 WAEC Past Questions

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Which of the following does not belong to the group?

A. furniture and fittings
B. plant and machinery
C. building
D. debtors
E. general reserve

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The portion of the authorizes capital which has been allotted to members is

A. uncalld capital
B. paid-up capital
C. issued capital
D. authorized capital
E. unissued capital

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Which of the following is used before the appropriation bill is approved?

A. supplementary general warrant
B. provisional general warrant
C. reserved expenditure warrant
D. virement warrant
E. supplementary statutory expenditure warrant

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Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?

A. reserved expenditure warrant
B. provisional general warrant
C. contigncie warrant
D. supplementary general warrant
E. virement warrant

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A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called

A. share certificate
B. preference certificate
C. debenture certificcate
D. allotment certificate
E. call certificate

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Accounts - Principles of Accounts 1996 WAEC Past Questions

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