Accounts - Principles of Accounts

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Past Questions

Year1997
Exam TypeWAEC
Question 11
waec 1997
a

N16,000

b

N14,000

c

N12,000

d

N8,000

e

N6,000

Question 12
waec 1997
a

N8.00

b

N7,000

c

N6,000

d

N5,000

e

N1,000

Question 13
waec 1997
a

conversion cost

b

cost of raw materials consumed

c

total cost

d

production cost

e

cost of work in progress

Question 14
waec 1997
a

making hig profits in the business

b

Rewarding the imprest holder

c

Easy prearation of the final accounts

d

Meeting small items of expenditure

e

Enabling the Trial Balance to agree

Question 15
waec 1997
a

Purchase of Business Account

b

Creditor's Account

c

Vendor's Account

d

Purchaser's Account

e

Debtor's Account

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