[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
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
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 2021

Accounts - Principles of Accounts 2021 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
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
16

The type of stock recorded in the trading account of a manufacturing business is

  • A. raw material
  • B. work-in progress
  • C. consumables
  • D. finished goods
View Answer & Discuss (2) WAEC 2021
17

Accounts of fixed assets are kept in the

  • A. purchases ledger
  • B. private ledger
  • C. sales ledger
  • D. general ledger
View Answer & Discuss WAEC 2021
18

Recurrent expenditure of a local government include

  • A. erection of market stalls
  • B. repayment of loans
  • C. purchase of office equipment
  • D. purchase of office stationery
View Answer & Discuss WAEC 2021
Post UTME Past Questions Agent
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
19

The accounting principle of double entry states that

  • A. debit the giver and credit the receiver
  • B. assets must be equal to capital plus liabilities
  • C. every debit entry must have a corresponding credit entry
  • D. debit entries increase liabilities while credit entries increase assets
View Answer & Discuss WAEC 2021
20

Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit

  • A. cash D2,500; credit Dongo D2,500
  • B. Dongo D2,500; credit cash D2,500
  • C. Bad debt D2,500; credit Dongo D2,500
  • D. Dongo D2,500; credit bad debt D2,500
View Answer & Discuss WAEC 2021
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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent