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Accounts - Principles of Accounts 2022 WAEC Past Questions

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16

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 Y represents

  • A. #170,000
  • B. #128,350
  • C. #94,870
  • D. #211,650
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17

Revenue expenditure of a local government includes purchase of

  • A. x-ray machine
  • B. incubators
  • C. drugs
  • D. theatre equipment
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18

The sales ledger contains accounts of

  • A. cash sales
  • B. trade debtors
  • C. credit sales
  • D. trade creditors
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19

Use the following information to answer questions below

  $
Cash book balance (credit) 750
Uncredited cheques 500
Unpresented cheques 1680
Direct credit 300
Bank charges 150
 

 



The adjusted cash book balance is

  • A. $ 600 Cr
  • B. $ 300 Cr
  • C. $ 900 Cr
  • D. $ 1,200 Cr
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20

Use the following information to answer questions below

  $
Cash book balance (credit) 750
Uncredited cheques 500
Unpresented cheques 1680
Direct credit 300
Bank charges 150
 

 



Balance as per bank statement is

  • A. $ 580 Cr.
  • B. $ 430 Dr.
  • C. $ 430 Cr.
  • D. $ 1,480 Cr.
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