Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Accounts - Principles of Accounts 2012 WAEC Past Questions

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

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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
1

The objectively of accounting information is enable users to

  • A. prepre the financial statements
  • B. value stock
  • C. make decisions
  • D. prepare budgets
View Answer & Discuss WAEC 2012
2

Trade discounts are given for

  • A. bulk purchases
  • B. prompt payment
  • C. quick delivery
  • D. cash payment
View Answer & Discuss (1) WAEC 2012
3

When closing stock is overstated, it would reduce,

  • A. cost of sales and increase gross profit
  • B. gross profit and increase cost of sales
  • C. purchases and increases sales
  • D. sales and increase purchases
View Answer & Discuss (1) WAEC 2012
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download 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
4

Which of the following is not a source document?

  • A. journal paper
  • B. sales invoice
  • C. debit note
  • D. credit note
View Answer & Discuss WAEC 2012
5

A fixed assets fully written-down by a trader is now considered to be worth ₦5,000. The double entry required to reflect this is debit

  • A. asset account credit purchase account
  • B. asset account credit capital account
  • C. capital account credit asset account
  • D. capital account credit profit and loss account
View Answer & Discuss WAEC 2012
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now