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Accounts - Principles of Accounts Past Questions

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1756
Which of the following is a charge against profit?
  • A. ordinary dividend
  • B. general reserve
  • C. preference dividend
  • D. debenture interest
  • E. revenue reserve
View Answer & Discuss WAEC 1996
1757
The cash realized from the sale of asset on dissolution of partnership is
  • A. debited to cash account and credit to asset account
  • B. credited to cash account and debited to asset account
  • C. debited to cash account and credited realisation account and credited to realisation account
  • D. credited to cash account and debited to realisation account
  • E. debited to realisation account abnd credited to asset account
View Answer & Discuss WAEC 1996
1758
Which of the following does not belong to the group?
  • A. furniture and fittings
  • B. plant and machinery
  • C. building
  • D. debtors
  • E. general reserve
View Answer & Discuss WAEC 1996
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1759
The portion of the authorizes capital which has been allotted to members is
  • A. uncalld capital
  • B. paid-up capital
  • C. issued capital
  • D. authorized capital
  • E. unissued capital
View Answer & Discuss WAEC 1996
1760
Which of the following is used before the appropriation bill is approved?
  • A. supplementary general warrant
  • B. provisional general warrant
  • C. reserved expenditure warrant
  • D. virement warrant
  • E. supplementary statutory expenditure warrant
View Answer & Discuss WAEC 1996
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