Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Accounts - Principles of Accounts 2019 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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
11

On 30th September 2017, Adedeji's cash book showed a debit balance of N7,600. However, his bank statement showed an overdraft balance of N1,880. On investigation, the following details were discovered:

i. A standing order of N160 had not been entered in the cash book

ii. Bank charges of N40 did not appear in the cash book

iii. Cash paid into the bank for N400 had been entered in the cash book as N360

iv. A cheque of N200 received from a customer was dishonoured

v. The bank received a credit transfer of N400 from a customer

vi. A cheque of N1,360 paid to Dexter Ltd had been entered in the cash book as N1,720

vii. A receipt of N40 shown on the bank statement had not been entered in the cash book;

viii. A cheque drawn amounting to N160 paid is still with the supplier

ix. Receipts of N3,600 paid into the bank on 30th September 2017 did not appear on the bank statement until October 2017

x. A cheque of N1,080 paid into the bank had been Wrongly credited by the bank as GH¢ 600

xi. A transfer of N6,000 to the bank had not been recorded in the cash book.

You are required to prepare

(a) Adjusted Cash Book;

View Answer & Discuss WAEC 2019
12

A quality of accounting information is that it should be
 

  • A. profitable
  • B. verifiable
  • C. appreciable
  • D. depreciable
View Answer & Discuss WAEC 2019
13

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a 

  • A. double entry
  • B. cash entry
  • C. contra entry
  • D. journal entry
View Answer & Discuss WAEC 2019
Post UTME Past Questions Agent
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
14

To show the evidence of payment to a government ministry, the revenue collector issues a 

  • A.  receipt voucher
  • B. payment voucher
  • C. treasury receipt
  • D. treasury card
View Answer & Discuss WAEC 2019
15

The primary concern of shareholders in a business is the 

  • A. ascertainment of taxable profit
  • B. dividend payable
  • C. ability to pay interest
  • D. welfare of employees
View Answer & Discuss WAEC 2019
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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