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Accounts - Principles of Accounts 2008 WAEC Past Questions

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41
The entries to record goods bought for cash are: debit
  • A. cash account; credit purchases account
  • B. purchases account ; credit cash account
  • C. purchases account; credit stock account
  • D. purchases account; credit goods account
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42
Carriage inwards is posted to
  • A. trading account
  • B. profit and loss account
  • C. appropriate account
  • D. balance sheet
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43
Repairs to air conditioners was debited to office equipment account. This is an error of
  • A. principle
  • B. commission
  • C. original entry
  • D. compensation
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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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44
The practice of identifying with one constant approach where a number of approach exist for solving an accounting problem is the convention of
  • A. conservatism
  • B. consistency
  • C. prudence
  • D. materiality
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45

Which of the following is a storage device?

  • A. diskette
  • B. key board
  • C. printer
  • D. monitor
View Answer & Discuss (1) WAEC 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts