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Accounts - Principles of Accounts Past Questions

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1331
Which of the following is not a source document?
  • A. credit note
  • B. invoice
  • C. debit note
  • D. bank note
View Answer & Discuss WAEC 2004
1332
Pending the location of an error, the difference disclosed in a trial balance is temporarily treated in
  • A. suspense Account
  • B. trading account
  • C. control account
  • D. profit and loss account
View Answer & Discuss WAEC 2004
1333
Which of the following items is not shown in the Trial Balance
  • A. closng stock value
  • B. opening stock balance
  • C. opening dentors balance
  • D. closing asset value
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1334
The total of the purchases day book is posted to the purchases account in the
  • A. general ledger
  • B. purchases journal
  • C. private ledger
  • D. purchases ledger
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1335
Use the following information to answer the question
\(\begin{array}{c|c} \text{prepared} & \text{1/01/2003} & N600.00\\ \text{Rent paid} & \text{31/12/2003} & N3,000.00\\ \text{Rent prepaid} & \text{31/12/2003} & N400.00\end{array}\)
Rent for 2013 amounted to
  • A. N4,000
  • B. N3,200
  • C. N3,000
  • D. N2,800
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
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