[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download 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 - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
1651
To realize an asset means to
  • A. close its account in the ledger
  • B. give it out as a collateral
  • C. turn it to cash
  • D. open its account in the ledger
  • E. mortage it
View Answer & Discuss WAEC 1998
1652
When a fixed asset is fully depreciated, its net book value is
  • A. equal to its original cost
  • B. twice its original cost
  • C. equal to its current market value
  • D. the difference between its cost and market value
  • E. equal to zero
View Answer & Discuss WAEC 1998
1653
Goods worth N800 was stolen. The double entries are, debit,
  • A. purchases account, credut trading account
  • B. trading account, credit purchases account
  • C. profit and loss account, credit purchases account
  • D. profit and loss account, credit purchases account
  • E. capital account, credit purchasses account
View Answer & Discuss WAEC 1998
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
Post UTME Past Questions Agent
1654
Payment for shares in excess of amount demanded gives rise to
  • A. dividend warrant
  • B. revenue reserve
  • C. capital reserve
  • D. call-in-advance
  • E. call-in-arrears
View Answer & Discuss WAEC 1998
1655
Provision for discount on debtor on debtors is to be
  • A. debited to profit and loss account
  • B. creit to profit and loss discount
  • C. debit to debtors account
  • D. debited to provision for bad debts account
View Answer & Discuss WAEC 1998
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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