Accounts - Principles of Accounts Past Questions

Exam Type:

Exam year:

Question Type:

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Your School's Whatsapp Group - Join Us now

1006

The document from which entries are transferred to the purchases day book is the

A. waybill
B. credit note
C. receipt
D. invoice

View Answer & Discuss WAEC 2011

1007

Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses iii. direct labour iv. factory expenses v. work-in-progress vi. direct expenses

A. i, ii and iv
B. i, iii and vi
C. iv, v and vi
D. ii, iii and v

View Answer & Discuss WAEC 2011

1008

A bookkeeper debited Motor Vehicle Account instead of Motor Expenses Account. This is an error of

A. commission
B. original entry
C. complete reversal of entry
D. principle

View Answer & Discuss WAEC 2011

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

1009

John received a cheque from Dawda, a debtor, in payment for goods purchased by Dawda on credit. The transaction will be recorded in john's

A. cash book and sals ledger
B. nominal ledger and sales ledger
C. cash book and purchases ledger
D. nominal ledger and purchases ledger

View Answer & Discuss WAEC 2011

1010

The total value received by company as consideration for shares issued constitutes

A. paid-up capital
B. authorized capital
C. working capital
D. capital employed

View Answer & Discuss WAEC 2011

Start a Free Practice Test

Accounts - Principles of Accounts Past Questions

Subjects

Sign In