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Accounts - Principles of Accounts 2006 WAEC Past Questions

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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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1
The art of collecting, recording, presenting and interpreting accounting data is
  • A. cost accounting
  • B. management accounting
  • C. financial accounting
  • D. data processing
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2
The depreciation method in which the number of years of the useful life of an asset is allocated in a reverse order is
  • A. straight line
  • B. reducing balance
  • C. sum of the yeara; digits
  • D. revaluation
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3
A system where a separate cash book is maintained for small payments is
  • A. single entry
  • B. imprest
  • C. float
  • D. reimbursement
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4
Public sector accounting is practiced in
  • A. public limited companies
  • B. government organization
  • C. profit making organization
  • D. public trainging company
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5
A book that contains the account for the financial transactions of an organizations is the
  • A. journal
  • B. ledger
  • C. folio
  • D. register
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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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