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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
1296
Capital expenditure is the
  • A. cost of running a business
  • B. money spent on buying goods for resale
  • C. money spent on acquire fixed assets
  • D. extra capital paid in by the proprietor
View Answer & Discuss WAEC 2005
1297
Depreciation of assets is provided for provided for in consideration of
  • A. disposal
  • B. loss by fire
  • C. loss in transit
  • D. wear and tear
View Answer & Discuss WAEC 2005
1298
Which of the following is a factory overhead?
  • A. Depreciation of plant and machinery
  • B. Royalties
  • C. raw materials consumed
  • D. carriage outwards
View Answer & Discuss WAEC 2005
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1299
Which of the following is used to derive missing figures in a system of incomplete records?
  • A. control account
  • B. bank account
  • C. profit and loss account
  • D. bank statement
View Answer & Discuss WAEC 2005
1300
Which of the following is not contained in sales ledger control account?
  • A. returns inwars
  • B. returns outwards
  • C. receipts from debtors
  • D. dishonored cheques
View Answer & Discuss WAEC 2005
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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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