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Accounts - Principles of Accounts 1999 WAEC Past Questions

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11
Which of the following will not make a trial balance total to agree?
  • A. incomplete posting in the ledger accounts
  • B. double entry for each transaction
  • C. omission of a trabsaction from the ledger
  • D. wrong entry of correct amount into different groups of accounts
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12
Deferred charges are also known as
  • A. prepayment
  • B. accrued expenses
  • C. accruals
  • D. deferred income
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13
The vote book in governmental accounting is used to
  • A. register the name of voters
  • B. control expenditure
  • C. record government revenue
  • D. record taxes paid
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14

Use the following information to answer the
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \\ & 5 & \text{Paid transport by cash} & N42 \\ & 9 & \text{Received cheque from Olawoyin} & N3,600 \\ & 15 & \text{Cash sales to date} & N1,800 \\ & 17 & \text{Paid Haruna by cheque} & N1,200 \\ & 19 & \text{Paid Umana by cash} & N100 \\ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash in hand on 31st July is

  • A. N2,220
  • B. N2,078
  • C. N1,642
  • D. N578
View Answer & Discuss (1) WAEC 1999
15
Use the following information to answer the
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \\ & 5 & \text{Paid transport by cash} & N42 \\ & 9 & \text{Received cheque from Olawoyin} & N3,600 \\ & 15 & \text{Cash sales to date} & N1,800 \\ & 17 & \text{Paid Haruna by cheque} & N1,200 \\ & 19 & \text{Paid Umana by cash} & N100 \\ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash at bank on 31st July is
  • A. N10,100
  • B. N8,900
  • C. N7,400
  • D. N5,900
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