[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 2009

Accounts - Principles of Accounts 2009 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 Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1
Which of the following books of original entry is used to record all payments and receipt by cash or cheque?
  • A. sales day book
  • B. cash book
  • C. purchase day book
  • D. general journal
View Answer & Discuss WAEC 2009
2
As a basis for assessing future usage, fixed assets are shown at
  • A. selling price
  • B. cost price
  • C. cost plus residual value
  • D. net book value
View Answer & Discuss WAEC 2009
3
In the absence of an agreement, partners share profits
  • A. based on activeness of a partner
  • B. based on capital contribution
  • C. on patronage basis
  • D. on equal basis
View Answer & Discuss WAEC 2009
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
4
Subscription prepared by members is recorded in the balance sheet of a club as a
  • A. current liability
  • B. current asset
  • C. fixed asset
  • D. long term liability
View Answer & Discuss WAEC 2009
5
The reduction in value of an intangible asset is
  • A. depletion
  • B. depression
  • C. amortization
  • D. appreciation
View Answer & Discuss WAEC 2009
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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