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Accounts - Principles of Accounts 2006 WAEC Past Questions

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31
Use the information to answer the given question.
\(\begin{array}{c|c} & D\\ \hline \text{Opening stock: raw materials} & 10,000\\ \text{work-in-progress} & 16,000\\ \text{Purchases of raw materials} & 95,000\\ \text{Direct labour wages paid} & 13,500\\ \text{Royalties paid} & 6,200\\ \text{Accrued wages} & 2,800\\ \text{Closing stock: raw materials} & 7,500\\ \text{work in progress} & 8,500\\ \text{Manufacturing overhead} & 10,000\end{array}\)
Prime cost is
  • A. D120,500
  • B. 117,700
  • C. D114,900
  • D. D114,300
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32
Use the information to answer the given question.
\(\begin{array}{c|c} & D\\ \hline \text{Opening stock: raw materials} & 10,000\\ \text{work-in-progress} & 16,000\\ \text{Purchases of raw materials} & 95,000\\ \text{Direct labour wages paid} & 13,500\\ \text{Royalties paid} & 6,200\\ \text{Accrued wages} & 2,800\\ \text{Closing stock: raw materials} & 7,500\\ \text{work in progress} & 8,500\\ \text{Manufacturing overhead} & 10,000\end{array}\)
Cost of goods manufactured is
  • A. D138,000
  • B. D131,800
  • C. D130,500
  • D. D123,500
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33
A set of instruments fed into a computer for accomplishing a given task is a/an
  • A. input
  • B. programme
  • C. output
  • D. data
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34
Control accounts are also known as
  • A. contra accounts
  • B. total accounts
  • C. ledger accounts
  • D. integral accounts
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35
Which of the following is charged to trading account?
  • A. discounts allowed
  • B. carriage outwards
  • C. salaries
  • D. carriage inwards
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