Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Accounts - Principles of Accounts 2006 WAEC Past Questions

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

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
16
Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Ebima's share was
  • A. D10,440
  • B. D9,900
  • C. D7,560
  • D. D6,600
View Answer & Discuss WAEC 2006
17
Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Jaiteh's share of profit was
  • A. D10,440
  • B. D9,900
  • C. D7,560
  • D. D6,600
View Answer & Discuss WAEC 2006
18
Whatever is fed into the computer is exactly what would be processed and produced as output. This is the concept of
  • A. sorting out
  • B. last in, first out
  • C. first in,first out
  • D. garbage in, garbage out
View Answer & Discuss WAEC 2006
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
19
Bank reconciliation statement reconciles
  • A. bank and cash balances in cash book
  • B. bank balance in the cash book and bank statement balance
  • C. cash balance in the cash book and bank statement balance
  • D. bank balance brought down balance brought down and bank balance carried dowm in the cash book
View Answer & Discuss WAEC 2006
20
The unit which keeps government's books of accounts is the
  • A. central Bank
  • B. Internal Audit department
  • C. Treasury Department
  • D. Accountand General's Department
View Answer & Discuss WAEC 2006
Start a Free Practice Test
 
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
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now