[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts

Accounts - Principles of Accounts Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
1456
The financial plan of the government for a year is contained in the
  • A. analysis book
  • B. gazette
  • C. budget
  • D. vote
View Answer & Discuss WAEC 2002
1457
The price paid for the purchase of a business is
  • A. credited to cash accounted to cash account and debited to vendor's account
  • B. debited to cash account and credited to Vendor's Account
  • C. debited to business purchase Account and credited to Asset Account
  • D. credited to cash Account and debited to Asset Account
View Answer & Discuss WAEC 2002
1458
A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of
  • A. accrual
  • B. materiality
  • C. prudence
  • D. going-corncern
View Answer & Discuss WAEC 2002
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1459
Partner's interest on capital is shown in the
  • A. profit and loss Account
  • B. oartners fixed capital account
  • C. profit and loss appropriation account
  • D. trading account
View Answer & Discuss WAEC 2002
1460
A deduction from the sales price of goods that is allowed if payment is made within a specified period of time
  • A. trade discount
  • B. cash discount
  • C. quantity discount
  • D. rebate
View Answer & Discuss WAEC 2002
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now