WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Accounts - Principles of Accounts 2003 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26
Which of the following items is found on he credit side of a sales Ledger Control Account?
  • A. credit sales
  • B. debtors cheques dishonoured
  • C. interest on overdue account
  • D. bad debts written off
View Answer & Discuss WAEC 2003
27
Use the following information to answer the given question
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditors & 4,200 & 5,200 \\ stocks & 3,600 & 3,200 \\ \text{cash paid to creditors during the year was ₦18,000} \end{array}\)
Purchases for the year was
  • A. ₦19,400
  • B. ₦19,000
  • C. ₦18,000
  • D. ₦17,000
View Answer & Discuss WAEC 2003
28
Use the following information to answer the given
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditors & 4,200 & 5,200 \\ stocks & 3,600 & 3,200 \\ \text{cash paid to creditors during the year was ₦18,000} \end{array}\)
Cost of sales for the year was
  • A. ₦19,800
  • B. ₦19,400
  • C. ₦18,400
  • D. ₦17,400
View Answer & Discuss WAEC 2003
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
29
The cost of raw materials consumed is determined in the Manufacturing Account as
  • A. opening stock plus purchases less closing stock
  • B. purcheses plus closing stock less opening stock
  • C. cost of materials available plus closing stock
  • D. cost of materials available less opening stock
View Answer & Discuss WAEC 2003
30
Rent owing by a business is shown in the
  • A. trading account
  • B. trial balance
  • C. balance sheet
  • D. cash book
View Answer & Discuss WAEC 2003
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now