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

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
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
6

A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into the account. The new balance is

  • A. GH¢ 590,000
  • B. GH¢ 590,000 0verdrawn
  • C. GH¢ 210,000
  • D. GH¢ 210,000 Overdrawn
View Answer & Discuss WAEC 2016
7

A petty cash account has an imprest of GH¢ 6,000. If GH¢ 2,000 were left, how much will be re-imbursed at the end of the period?

  • A. GH¢ 8,000
  • B. GH¢ 6,000
  • C. GH¢ 4,000
  • D. GH¢ 2,000
View Answer & Discuss WAEC 2016
8

Cash paid to jake, N2,500 was entered on the credit side of his account and debited to cash account. This is an error of

  • A. Principle
  • B. Commision
  • C. Complete reversal of entries
  • D. Original entry
View Answer & Discuss WAEC 2016
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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
9

One of the purchases invoices of Mr.Dauda showed D96,240 less 12 \(\frac{1}{2}\)% trade discount and cash discount of 20%. Since Mr Dauda paid the amount due within the credit period, the amount paid is

  • A. D 77,368
  • B. D 73,157
  • C. D 67,368
  • D. D 63,157
View Answer & Discuss WAEC 2016
10

Bank reconciliation statement is prepared to reconcile the differences between

  • A. Bank statement and credit transfers
  • B. Cash book and bank transfers
  • C. Bank statement and cash transfers
  • D. Cash book and bank statement
View Answer & Discuss (1) WAEC 2016
Start a Free Practice Test
 
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
Post UTME Past Questions Agent