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Accounts - Principles of Accounts 2012 WAEC Past Questions

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36

Which of the following is a form of memorandum of association

  • A. names of directors
  • B. appointment of directors
  • C. object of the business
  • D. payment of dividend
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37

An underwriter for a company's share is paid

  • A. interest
  • B. commision
  • C. dividend
  • D. salary
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38

Administrative, selling and distribution expenses in a manufacturing firm are recorded in

  • A. trasing acccount
  • B. manufacturing account
  • C. profit and loss account
  • D. balance sheet
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39

Which of the following is not a revenue to a local government?

  • A. fines
  • B. licenses
  • C. personal ncome tax
  • D. tenement rates
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40

Which of the following is not an item in the profit and loss account?

  • A. drawings
  • B. interest
  • C. salaries
  • D. bad debts
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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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