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Accounts - Principles of Accounts 2014 WAEC Past Questions

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

The source document used to make entries in the purchase day book is

  • A. debt note
  • B. credit note
  • C. invoice
  • D. receipt
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2

A book that contains individual accounts of suppliers is the

  • A. purchase ledger
  • B. general ledger
  • C. nominal ledger
  • D. sales ledger
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3

In the operation of an imprest of petty cash, the

  • A. petty cashier pays all expenses
  • B. petty cashier pays money to the accountant
  • C. petty cashier regularly begins each period with the same amount of money
  • D. main cashier accounts to the petty cashier for some experiences made by him
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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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4

An example of a credit entry in a profit and loss account is

  • A. carriage inwards
  • B. carriage outwards
  • C. discounts allowed
  • D. discounts received
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5

Which of the following subsidiary books involves cash movements?

  • A. sales day book
  • B. purchases day book
  • C. returns inwards book
  • D. petty cash book
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