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Accounts - Principles of Accounts Past Questions

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946

The process of entering transaction from one book to another is

  • A. reading
  • B. posting
  • C. numbering
  • D. listing
View Answer & Discuss WAEC 2012
947

Which of the following is a trading account item?

  • A. discount allowed
  • B. discount recieved
  • C. carriage outwards
  • D. carriage inwards
View Answer & Discuss WAEC 2012
948

The addition of prime cost and factory overhead is

  • A. total factory overheads
  • B. market value of goods produced
  • C. cost of goods produced
  • D. work-in-progress
View Answer & Discuss WAEC 2012
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949

Capital receipt is collected

  • A. on sales of motor vehicle
  • B. on sales of stock in trade
  • C. from trade debtors
  • D. from trading activities
View Answer & Discuss WAEC 2012
950

Which of the following is an example of factory overheads?

  • A. salary of marketing officer
  • B. salary of production officer
  • C. salary of accounting officer
  • D. wages of machine operator
View Answer & Discuss (3) WAEC 2012
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