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Accounts - Principles of Accounts Past Questions

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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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971

Which of the following is not the purpose of a control account?

  • A. check on errors of addition
  • B. locate errors
  • C. locate missing figures
  • D. monitor the cash book
View Answer & Discuss WAEC 2012
972

Which of the following is not part of the central processing unit of a computer?

  • A. arithmetical and lgical unit
  • B. memory unit
  • C. input unit
  • D. control unit
View Answer & Discuss WAEC 2012
973

The double entry to record the proceeds on disposal of assets in debit

  • A. bank account; credit asset disposal account
  • B. asset disposal account; credit bank account
  • C. provision for depreciation account; credit asset disposal account
  • D. asset disposal account; credit provision for depreciation account
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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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974

Which of the following is a form of memorandum of association

  • A. names of directors
  • B. appointment of directors
  • C. object of the business
  • D. payment of dividend
View Answer & Discuss WAEC 2012
975

An underwriter for a company's share is paid

  • A. interest
  • B. commision
  • C. dividend
  • D. salary
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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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