Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

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

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
1761
Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?
  • A. reserved expenditure warrant
  • B. provisional general warrant
  • C. contigncie warrant
  • D. supplementary general warrant
  • E. virement warrant
View Answer & Discuss WAEC 1996
1762
A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called
  • A. share certificate
  • B. preference certificate
  • C. debenture certificcate
  • D. allotment certificate
  • E. call certificate
View Answer & Discuss WAEC 1996
1763
Which of the following is not a debit entry in the Bought Ledger?
  • A. cash
  • B. discount received
  • C. purchases
  • D. returns outeards
  • E. bills payable
View Answer & Discuss WAEC 1996
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
1764
Discount allowed is a charge made against
  • A. trading account
  • B. profit and loss acount
  • C. approration account
  • D. current account
  • E. nominal account
View Answer & Discuss WAEC 1996
1765
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} & 5,000 \\ \text{Current liabilities} & 2,300 \\ Capital & 10,000 \\ \text{Long term liabilities} & 4,700\end{array}\)
What is the total assets?
  • A. N17,300
  • B. N17,000
  • C. N15,000
  • D. N14,700
  • E. N12,000
View Answer & Discuss (1) WAEC 1996
Start a Free Practice Test
 
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts