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Accounts - Principles of Accounts Past Questions

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1031
Provision for depreciation on delivery van is charged to
  • A. trading account
  • B. profit and loss account
  • C. appropriation account
  • D. manufacturing account
View Answer & Discuss WAEC 2011
1032
Which of the following date lines is correct for a profit and loss account?
  • A. for the year ended 31st December 2009
  • B. as 31st December 2009
  • C. for the period 31st December 2009
  • D. as at the year 2009
View Answer & Discuss WAEC 2011
1033

Which of the following is not an external user of accounting information?

  • A. management
  • B. creditors
  • C. shareholders
  • D. government
View Answer & Discuss WAEC 2010
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1034

A trial balance is prepared to

  • A. detect fraud
  • B. ascertain losses in a trading period
  • C. determine opening capital
  • D. test arithmetical accuracy of ledger entries
View Answer & Discuss WAEC 2010
1035

Which of the following is the reason why a seller allows a customer cash discount?

  • A. agreement to become a regular customer
  • B. introducing a new customer to the seller
  • C. settlement of account within a stated period
  • D. placing a larger order
View Answer & Discuss WAEC 2010
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