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Accounts - Principles of Accounts 2009 WAEC Past Questions

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46
Which of the following is debited to partner's current account?
  • A. capital
  • B. interest on capital
  • C. drawings
  • D. share of profit
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47
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu
  • A. debit cash account, credit Abu's account
  • B. debit Abu's account, credit cash account
  • C. debit cash account, credit sales account
  • D. debit sales account, credit cash account,
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48
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, Abu's balance at the end of the month is
  • A. ₦30,505 cr.
  • B. ₦9,505 cr.
  • C. ₦9,505 dr.
  • D. ₦30,500 dr.
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49
A debenture holder is a
  • A. creditor
  • B. promoter
  • C. debtor
  • D. shareholder
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50
A stock as a form of capital of a company comprises
  • A. tons of merchandise
  • B. units of goods
  • C. units of shares
  • D. bundles of wares
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts