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Accounts - Principles of Accounts Past Questions

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1326
The sales day Book is used to record
  • A. cash and credit sales
  • B. credit sales
  • C. cash sales
  • D. sales to middleman
View Answer & Discuss WAEC 2004
1327
The principle entry book-keeping states that every
  • A. every debit entry must have a corresponding credit entry
  • B. debtor must have a creditor
  • C. double debit must must have a double credit entry
  • D. account debited should also be credited
View Answer & Discuss WAEC 2004
1328
Which of the following is used to record the purchase of fixed asset on credit?
  • A. sales journal
  • B. journal proper
  • C. purchases journal
  • D. cash book
View Answer & Discuss WAEC 2004
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1329
Which of the following is both a subsidiary book and a ledger?
  • A. sales journal
  • B. purchases journal
  • C. returns inward book
  • D. cash book
View Answer & Discuss WAEC 2004
1330
Rent receivable account is an example of
  • A. nnorminal account
  • B. real account
  • C. personal account
  • D. private account
View Answer & Discuss WAEC 2004
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