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Accounts - Principles of Accounts Past Questions

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956

which of the following is a component of prime cost?

  • A. depreciation
  • B. royalty
  • C. factory rent
  • D. factory electricity
View Answer & Discuss (4) WAEC 2012
957

The concept which establishes the rule for the periodic recognition of revenue as soon as it is capable of objective measurement is

  • A. going concern
  • B. entity
  • C. consistency
  • D. realization
View Answer & Discuss WAEC 2012
958

Rent accrued in 2009 was D140, in 2010, D900 was paid while D160 was outstanding. Rent for 2010 was

  • A. D1,200
  • B. D1,060
  • C. D920
  • D. D880
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
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959

Which of the following is not an input device?

  • A. card reader
  • B. paper top reader
  • C. alpha-numeric keyboard
  • D. line partnership
View Answer & Discuss WAEC 2012
960

The equivalent of income and expenditure account in a trading concern is

  • A. trading account
  • B. profit and loss account
  • C. appropriation account
  • D. balance sheet
View Answer & Discuss WAEC 2012
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