Accounts - Principles of Accounts

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Past Questions

Year1998
Exam TypeWAEC
Question 1
waec 1998
a

stock

b

debtors

c

bills receivable

d

payment machinery

Question 2
waec 1998
a

total sales

b

cost of goods sold

c

cost of goods available for sale

d

gross profit

e

prime cost

Question 3
waec 1998
a

personal income tax

b

sales of armed forces property

c

repayment (state)

d

repayment (Interest and General)

e

market rates

Question 4
waec 1998
a

a voucher

b

a warrant

c

an estimate

d

a vote

e

aa provision

Question 5
waec 1998
a

on display

b

sold

c

in process

d

purchases

e

on return

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