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Accounts - Principles of Accounts 2002 WAEC Past Questions

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46
Subscriptions in arrears is treated in the balance sheet of a club as
  • A. current liability
  • B. intangible assets
  • C. fictitious asset
  • D. current asset
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47
A suspense account is used to
  • A. record sales
  • B. agree the trial balance
  • C. record purchases
  • D. prepare the balance sheet
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48
Which of the following belongs to the sales ledger?
  • A. Motor Van Disposal account
  • B. Bank Account
  • C. Debtors Account
  • D. Rent and Rates Account
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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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