WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now

Accounts - Principles of Accounts 2016 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
Post UTME Past Questions Agent
46

A loan to a company under the company's seal is

  • A. Fixed deposit
  • B. Mortgage
  • C. Bond
  • D. Debenture
View Answer & Discuss (1) WAEC 2016
47

Debts that a firm is unable to recover are debited to bad debts account and credited to

  • A. Suppliers account
  • B. Sales account
  • C. Customers account
  • D. Cash account
View Answer & Discuss (1) WAEC 2016
48

When a fixed asset is disposed off, the accounting entries to write off the asset are Debit

  • A. Profit and loss account; credit asset disposal account
  • B. Asset disposal account; credit profit and loss account
  • C. Asset disposal account, credit asset account
  • D. Profit and loss account; credit provision for depreciation account
View Answer & Discuss WAEC 2016
WAEC and NECO CBT Software for Computers and Laptops - 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
Your School's Whatsapp Group - Join Us now
49

The financial statement which is an expression of the accounting equation is the

  • A. Trading account
  • B. Profit and loss account
  • C. Balance sheet
  • D. Statement of cash flow
View Answer & Discuss WAEC 2016
50

Which of the following errors will affect the agreement of the trial balance?

  • A. Error of original entry
  • B. Error of commission
  • C. Error of transposition
  • D. Error of omission
View Answer & Discuss WAEC 2016
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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
Your School's Whatsapp Group - Join Us now