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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
1156
Which of the following s not part of cost of production?
  • A. direct material cost
  • B. direct wages
  • C. factory overheads
  • D. administrative overheads
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1157
Which of the following is not a subsidiary book?
  • A. sales journal
  • B. cash book
  • C. purchases ledger
  • D. general journal
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1158
Use the following information,
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinking of boreholes} & 100,000\\ \text{Staff salaries} & 150,000\\ \text{Electricity} & 14,000 \\ \text{Transport and travels} & 7000\\ \text{office expenses} & 9,000 \end{array}\)
Recurrent expenditure is
  • A. D180,000
  • B. D164,000
  • C. D150,000
  • D. D30,000
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1159
Use the following information,
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinking of boreholes} & 100,000\\ \text{Staff salaries} & 150,000\\ \text{Electricity} & 14,000 \\ \text{Transport and travels} & 7000\\ \text{office expenses} & 9,000 \end{array}\)
Capital expenditure is
  • A. D780,000
  • B. D750,000
  • C. D600,000
  • D. D500,000
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1160
In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are i. deducted from the cash book balance. ii. added to the bank statement balance. iii. added to the cash book balance
  • A. i and ii only
  • B. i,ii and iii
  • C. ii and iii only
  • D. iii only
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