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Accounts - Principles of Accounts 1999 WAEC Past Questions

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16
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 total cash payments during the month is
  • A. N2,220
  • B. N2,078
  • C. N1,642
  • D. N578
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17
Use the following information to answer the
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \\ & 5 & \text{Paid transport by cash} & N42 \\ & 9 & \text{Received cheque from Olawoyin} & N3,600 \\ & 15 & \text{Cash sales to date} & N1,800 \\ & 17 & \text{Paid Haruna by cheque} & N1,200 \\ & 19 & \text{Paid Umana by cash} & N100 \\ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
How many bits make 1 byte?
  • A. 8 bits
  • B. 9 bits
  • C. 16 bits
  • D. 64 bits
View Answer & Discuss (1) WAEC 1999
18
Which of the following is does not relate to a non-for-profit-making organization?
  • A. Balance sheet
  • B. receipt and payment account
  • C. Ledger Accounts
  • D. Profit and Loss Account
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19
Which of the following is the memory part that is available for use by the computer user?
  • A. bits
  • B. Ram
  • C. Data
  • D. ROM
View Answer & Discuss WAEC 1999
20
In-not-profit-making organizations, accumulated fund is the name for
  • A. profit
  • B. loss
  • C. capital
  • D. current assets
View Answer & Discuss (1) WAEC 1999
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