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Accounts - Principles of Accounts Past Questions

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1111
An article cost N1,800 and is sold at a gross profit of 20% on selling price. What is the selling price?
  • A. ₦2,250
  • B. ₦2,160
  • C. ₦1,800
  • D. ₦1,440
View Answer & Discuss WAEC 2009
1112
Which of the following are Personal Accounts? i. wages ii. debtors ii. creditors iv. buildings
  • A. i,ii and iii only
  • B. ii and iii only
  • C. ii and iv only
  • D. iii and iv only
View Answer & Discuss WAEC 2009
1113
Prepayment is treated in the balance sheet of firm as a
  • A. fixed asset
  • B. long-term liability
  • C. current asset
  • D. current liability
View Answer & Discuss WAEC 2009
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1114
Which of the following is found in a Sales Ledger Account?
  • A. credit purchases
  • B. bill payable
  • C. discount received
  • D. discount allowed
View Answer & Discuss WAEC 2009
1115
The authority of the Accountant-General to disburse from government fund is
  • A. provision
  • B. warrant
  • C. vote
  • D. estimate
View Answer & Discuss WAEC 2009
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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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