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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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1891
Purchases in accounting refers to goods bought for
  • A. repairs
  • B. owner's use
  • C. resale
  • D. decorating offices
  • E. permanent use
View Answer & Discuss WAEC 1993
1892
which of the following is not a Nominal Account?
  • A. rent
  • B. wages
  • C. discount
  • D. land
  • E. interest
View Answer & Discuss WAEC 1993
1893
The amount of individual items on a government budget is called
  • A. a vote
  • B. a deposit
  • C. a investment
  • D. a loan
  • E. a grant
View Answer & Discuss WAEC 1993
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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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1894
Which of the following does not belong to the group?
  • A. discount allowed
  • B. salaries and wages
  • C. sundry expenses
  • D. rates and rent
  • E. return inwards
View Answer & Discuss WAEC 1993
1895
Interest on Johnson's drawing is
  • A. N500
  • B. N300
  • C. N200
  • D. N150
  • E. N100
View Answer & Discuss WAEC 1993
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