Post UTME Past Questions Agent
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

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
Post UTME Past Questions Agent
26

Offei, a petty trader sold goods for GH¢36,240. The gross profit being 33\(\frac{1}{3}\)% on cost. What was the cost price?

  • A. GH¢45,300
  • B. GH¢28,992
  • C. GH¢27,180
  • D. GH¢24,160
View Answer & Discuss (2) WAEC 2016
27

Which of the following is a credit item in an income and expenditure account?

  • A. Electricity
  • B. Donations
  • C. Stationery
  • D. Bar suppliers
View Answer & Discuss WAEC 2016
28

Purchases of fixtures and fittings by a club is recorded in the

  • A. Receipts and payments account only
  • B. Income and expenditure only
  • C. Receipts and payments account and balance sheet
  • D. Income and expenditure account and balance sheet
View Answer & Discuss WAEC 2016
Post UTME Past Questions Agent
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
29

The concept which states that the affairs of a business is to be treated as being separate from the private activities of the owner is

  • A. Realization concept
  • B. Business entity concept
  • C. Cost concept
  • D. Dual aspect concept
View Answer & Discuss WAEC 2016
30

Where fixed capitals are maintained in a partnership, share profits are

  • A. Credited to partners capital accounts
  • B. Credited to partners current accounts
  • C. Debited to partners capital accounts
  • D. Debited to partners current accounts
View Answer & Discuss WAEC 2016
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now