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Accounts - Principles of Accounts Past Questions

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1091
A three column cash book contains column for
  • A. cash, assets and liabilities
  • B. bank, cash and assets
  • C. cash, bank and return
  • D. dscount, cash and bank
View Answer & Discuss WAEC 2009
1092
The total debtors account of trading concern is N13,000. out of this 2% is irrecoverable, 5% of the balance is not like to be collected. What is the provision for doubtful debts?
  • A. N910
  • B. N650
  • C. N637
  • D. N260
View Answer & Discuss WAEC 2009
1093

Which of the following is not part of factory overhead?

  • A. factory salaries
  • B. factory lighting and heating
  • C. depreciation of plant and machinery
  • D. depreciation of furniture and fixtures
View Answer & Discuss (1) WAEC 2009
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1094
Cost of extension to a factory building is classified as
  • A. capital receipt
  • B. revenue expenditure
  • C. capital expenditure
  • D. revenue receipt
View Answer & Discuss WAEC 2009
1095
Which of the following does not appear in a bank statement?
  • A. dividend received
  • B. bank charges
  • C. uncredited cheques
  • D. dishonoured cheques
View Answer & Discuss WAEC 2009
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