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Accounts - Principles of Accounts 2022 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
11

Use the following information to answer questions below

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.

    GH⊄
January 1 Petty cash in hand 1034
January 1 Petty cash to restore float 6966
January 6 Bought note books 656
January 7 Paid wages 1828
January 14 Bought postage stamps 750
January 16 Paid to Biodun a creditor 1072
January 18 Paid wages 1856
January 23 Purchased envelopes 874
January 28 Purchased postage stamps 420


 



Amount posted to the personal ledger was

  • A. GH⊄ 1,034
  • B. GH⊄ 1,072
  • C. GH⊄ 6,966
  • D. GH⊄ 3,684
View Answer & Discuss WAEC 2022
12

Use the following information to answer questions below

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.

    GH⊄
January 1 Petty cash in hand 1034
January 1 Petty cash to restore float 6966
January 6 Bought note books 656
January 7 Paid wages 1828
January 14 Bought postage stamps 750
January 16 Paid to Biodun a creditor 1072
January 18 Paid wages 1856
January 23 Purchased envelopes 874
January 28 Purchased postage stamps 420


 



Amount spent on stationery was

  • A. GH⊄ 1,170
  • B. GH⊄ 1,076
  • C. GH⊄ 1,530
  • D. GH⊄ 874
View Answer & Discuss WAEC 2022
13

Use the following information to answer questions below

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.

    GH⊄
January 1 Petty cash in hand 1034
January 1 Petty cash to restore float 6966
January 6 Bought note books 656
January 7 Paid wages 1828
January 14 Bought postage stamps 750
January 16 Paid to Biodun a creditor 1072
January 18 Paid wages 1856
January 23 Purchased envelopes 874
January 28 Purchased postage stamps 420


 



Amount reimbursed at the end of the month was

  • A. GH⊄ 6,928
  • B. GH⊄ 6,966
  • C. GH⊄ 7,456
  • D. GH⊄ 8,000
View Answer & Discuss WAEC 2022
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14

An item that would be classified as preliminary expenses in a company's account is

  • A. formation expenses
  • B. administrative expenses
  • C. distribution expenses
  • D. general expenses
View Answer & Discuss WAEC 2022
15

Use the information to answer questions below

Years Current Assets Liabilities Fixed Assets Capital
  # # # #
2018 52550 78600 127450 X
2017 41650 53220 Y 116780

 



The letter X represents

  • A. #78,600
  • B. #180,000
  • C. #101,400
  • D. #258,600
View Answer & Discuss WAEC 2022
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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