Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent

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

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
41

Where there is provision for depreciation, fixed asset is shown in the balance sheet at

i. cost less depreciation for the period only.
ii. cost less total depreciation to date.
iii. written down values

  • A. i only
  • B. ii only
  • C. i and ii only
  • D. i and iii only
View Answer & Discuss WAEC 2019
42

The partner whose liability goes beyond his capital is a 

  • A. nominal partner
  • B. general partner
  • C. limited partner
  • D. dormant partner
View Answer & Discuss WAEC 2019
43

An effect of increase in the provision for depreciation is 

  • A. decrease in gross profit
  • B. increase in net profit
  • C. increase in gross profit
  • D. decrease in net profit
View Answer & Discuss WAEC 2019
Post UTME Past Questions Agent
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
44

Uncredited cheques refer to cheques not yet credited
 

  • A. in the cash book
  • B. by the bank
  • C. by the drawer
  • D. in the ledger
View Answer & Discuss WAEC 2019
45

Interim dividend paid in a year is 

  • A. debited to the Income Surplus Account/ Profit and Loss Appropriation Account
  • B. credited to the Income Surplus Account Profit and Loss Appropriation Account
  • C. debited to the Profit and Loss Account
  • D. credited to the Profit and Loss Account
View Answer & Discuss WAEC 2019
Start a Free Practice Test
 
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
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now