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Accounts - Principles of Accounts Past Questions

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936

Excess of current assets over current liabilities is

  • A. deferred capital
  • B. nominal capital
  • C. working capial
  • D. authorized capital
View Answer & Discuss WAEC 2013
937

a statement showing a trader's financial position as at a particular date is an

  • A. trading account
  • B. profit and loss account
  • C. balance sheet
  • D. appropriation account
View Answer & Discuss WAEC 2013
938

A trading account is prepared to disclose the

  • A. net profile or loss for the year
  • B. gross profit or loss for the year
  • C. accumulated fund for the year
  • D. gross profit on manufacturing
View Answer & Discuss WAEC 2013
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939

The objectively of accounting information is enable users to

  • A. prepre the financial statements
  • B. value stock
  • C. make decisions
  • D. prepare budgets
View Answer & Discuss WAEC 2012
940

Trade discounts are given for

  • A. bulk purchases
  • B. prompt payment
  • C. quick delivery
  • D. cash payment
View Answer & Discuss (1) WAEC 2012
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts