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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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1126
A stock as a form of capital of a company comprises
  • A. tons of merchandise
  • B. units of goods
  • C. units of shares
  • D. bundles of wares
View Answer & Discuss WAEC 2009
1127
Which of the following is the basis accounting equation?
  • A. assets = capital + liabilities
  • B. capital = assets + liabilities
  • C. liabilities = assets + capital
  • D. assets = liabilities + equity
View Answer & Discuss WAEC 2008
1128
A sales Day book is used for recording
  • A. credit sales
  • B. sales returns
  • C. hire purchase
  • D. cash sales
View Answer & Discuss WAEC 2008
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1129
An analytical cash book is used to
  • A. indicate source of cash received
  • B. categorise petty cash payment
  • C. separate cash and bank balance
  • D. analyse amounts due from debtors
View Answer & Discuss (2) WAEC 2008
1130
Which of the following concepts is exposed to hold when a proprietor makes a drawing of goods or cash from the business?
  • A. business entity
  • B. realization
  • C. going concern
  • D. sual-aspect
View Answer & Discuss WAEC 2008
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