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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
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1476
A suspense account is used to
  • A. record sales
  • B. agree the trial balance
  • C. record purchases
  • D. prepare the balance sheet
View Answer & Discuss WAEC 2002
1477
Which of the following belongs to the sales ledger?
  • A. Motor Van Disposal account
  • B. Bank Account
  • C. Debtors Account
  • D. Rent and Rates Account
View Answer & Discuss WAEC 2002
1478
The income accruing to debenture holders is called
  • A. dividend
  • B. net profit
  • C. shares
  • D. interest
View Answer & Discuss WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1479
The amount by which assets exceed specific liabilities is called
  • A. reserve
  • B. provision
  • C. premium
  • D. bonus
View Answer & Discuss WAEC 2001
1480
Which of the following has a debit balance at the end of the year?
  • A. rates prepaid account
  • B. bank loan account
  • C. income received in advance account
  • D. ordinary share capital account
View Answer & Discuss WAEC 2001
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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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