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Accounts - Principles of Accounts 2023 WAEC Past Questions

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1

Use the following information to answer the question

The health department of Banjul Local Government incurred the following expenditure in 2020:
 

   Le

 Construction of hospital wards

200,000

 Purchase of hospital beds

20,000

 Purchase of stationeries

15,000

 Salaries and wages

60,000

 Purchase of drugs

50,000

 Purchase of x-ray machine

100,000



The capital expenditure for the year is

  • A. Le 125,000
  • B. Le 320,000
  • C. Le 370,000
  • D. Le 455,000
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2

Use the following information to answer the question

The health department of Banjul Local Government incurred the following expenditure in 2020:
 

   Le

 Construction of hospital wards

200,000
 Purchase of hospital beds 20,000
 Purchase of stationeries 15,000
 Salaries and wages 60,000
 Purchase of drugs 50,000
 Purchase of x-ray machine 100,000


The recurrent expenditure for the year is

  • A. Le 370,000
  • B. Le 125,000
  • C. Le 320,000
  • D. Le 445,000
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3

Memoradum branch account is prepared to determine

  • A. gross profit
  • B. credit sales
  • C. closing stock
  • D. opening stock
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4

Use the following information to answer the question

The following transactions were recorded in the cash book of Ibusah for the month of February 2019:
 

   D

 Balance b/f

 200,000
 Commission received  180,000
 Receipts from Ojah  98,000
 Electricity bill  40,000 

 Rent

 73,400
 Drawings  28,600
 Insurance  12,800



The total income for the month is

  • A. D 278,000
  • B. D 180,000
  • C. D 154,800
  • D. D 306,900
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5

Use the following information to answer the question

The following transactions were recorded in the cash book of Ibusah for the month of February 2019:

 

   D 

 Balance b/f

 200,000
 Commission received  180,000
 Receipts from Ojah  98,000
 Electricity bill  40,000

 Rent

 73,400

 Drawings

 28,600

 Insurance  12,800


The balance brought down at the end of the month is

  • A. D 278,300
  • B. D 154,800
  • C. D 478,300
  • D. D 323,500
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