Accounts - Principles of Accounts

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Past Questions

Question 1711
waec 1997
a

current asset

b

current liability

c

contingent liability

d

ficititous asset

e

provision

Question 1712
waec 1997
a

carriage on raw materials

b

purchase of raw materials

c

production wages

d

direct expenses

e

depreciation of factory equipment

Question 1713
waec 1997
a

N24,000

b

N23,000

c

N20,000

d

N15,000

e

N8,000

Question 1714
waec 1997
a

N4,000

b

N3,000

c

N2,000

d

N1,6000

e

N1,000

Question 1715
waec 1997
a

discount

b

reserve

c

premium

d

loss

e

goodwill

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