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Accounts - Principles of Accounts 1999 WAEC Past Questions

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1
Errors in the ledger can be corrected through
  • A. journal proper
  • B. sales day book
  • C. purchases day book
  • D. control account
View Answer & Discuss WAEC 1999
2
Item in the bank statement of a business but not in the Cash Book before preparation of bank reconciliation statement do not include
  • A. bank charges
  • B. standing order
  • C. presented cheque
  • D. interest overdraft
View Answer & Discuss WAEC 1999
3
Discount received is
  • A. credited to the trading account
  • B. debited to the Profit and Loss Account
  • C. credited to the Profit and Loss Account
  • D. credited to the Appropriation Account
View Answer & Discuss WAEC 1999
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4
Carriage outwards is charged to
  • A. credited to the trading account
  • B. debited to the profit and loss account
  • C. credited to the profit and loss account
  • D. credited to the appropriation account
View Answer & Discuss (2) WAEC 1999
5
Carriage outwards is charged to
  • A. trading account
  • B. appropriation account
  • C. purchases account
  • D. profit and loss account
View Answer & Discuss (3) WAEC 1999
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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