Accounts - Principles of Accounts

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Past Questions

Year1997
Exam TypeWAEC
Question 16
waec 1997
a

imprest

b

consolidated fund

c

warrant

d

budget

e

development fund

Question 17
waec 1997
a

Debit note

b

Credit note

c

Receipt

d

Sales journal

e

Invoice

Question 18
waec 1997
a

N15,000

b

N9,000

c

N4,000

d

N3,000

e

N2,000

Question 19
waec 1997
a

Sales Account, credit Branch Adjustment Account

b

Adjustment Accoutnt, credit Branch Stock Account

c

Stock Account, credit Branch Adjustment Account

d

Adjustment Account, credit Branch Profit and Loss Account

e

Profit and Lost Account, credit Branch Stock Account

Question 20
waec 1997
a

book of accounts

b

summary of entries

c

book of original entry

d

double entry posting

e

record of credit transactions

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