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Accounts - Principles of Accounts 2001 WAEC Past Questions

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11
A subsidiary record is a book
  • A. of ordinary entry
  • B. containing the ledgers
  • C. found in the journal
  • D. containing the balance sheet
View Answer & Discuss WAEC 2001
12
In which ledger is the control account prepared?
  • A. Nominal ledger
  • B. general ledger
  • C. sales ledger
  • D. purchases account
View Answer & Discuss WAEC 2001
13
Suppliers personal accounts are found in the
  • A. purchases ledger
  • B. sales account
  • C. purchases account
  • D. sales ledger
View Answer & Discuss WAEC 2001
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14
Commission of N5,000 to a sales representative is debited to salaries account. This is an error of
  • A. reversal of entries
  • B. principle
  • C. commission
  • D. compensation
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15
Purchase of goods of N2,000 was treated as sales and entered in the sales day book and had been carried through the account as such. This error of
  • A. principle
  • B. omission
  • C. reversal of entries
  • D. original entries
View Answer & Discuss WAEC 2001
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