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Accounts - Principles of Accounts 2015 WAEC Past Questions

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41

The document which sets out the internal arrangement for the proper management of a company is the

  • A. Prospectus
  • B. Article of association
  • C. Memorandum of association
  • D. Certificate of incorporation
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42

A person who has applied to purchase shares in a company is referred to as ?

  • A. A promoter
  • B. A subscriber
  • C. An allottee
  • D. An underwriter
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43
Which of the following expenses is allocated according to the floor area?
  • A. Wages and Salaries
  • B. Rent and Rates
  • C. Canteen Expenses
  • D. Discount allowed
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44

Goods stolen at the branch is debited to

  • A. Defalcations account
  • B. Branch stock account
  • C. Branch adjustment account
  • D. Branch debtors account
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45

Which of the following is a source of revenue for a local government?

  • A. Personal income tax
  • B. Company registration fees
  • C. Royalties
  • D. Market tolls
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now