Accounts - Principles of Accounts

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Past Questions

Year1997
Exam TypeWAEC
Question 6
waec 1997
a

net profit

b

surplus

c

cash in hand

d

gross profit

e

net loss

Question 7
waec 1997
a

salaries

b

rent income

c

debenture interest

d

director's remuneration

e

dividend

Question 8
waec 1997
a

a new partner is admitted

b

a partner is dormant

c

the business is making huge profit

d

the business has good customer relations

e

it is a limited partnership

Question 9
waec 1997
a

Machinery

b

Debtors

c

Creditors

d

Salaries

e

Goodwill

Question 10
waec 1997
a

N16,000

b

N14,000

c

N12,000

d

N8,000

e

N6,000

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