Post UTME Past Questions Agent
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

Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
2991

Entries in the purchase journal are transferred to the .............

  • A. receivable ledger
  • B. payable ledger
  • C. general ledger
  • D. private ledger
View Answer & Discuss WAEC 2018
2992

A reduction n price to encourage prompt payment is........

  • A. trade discount
  • B. quantity discount
  • C. cash discount
  • D. seasonal discount
View Answer & Discuss WAEC 2018
2993

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10%  and cash discount is 10% within 30 days and 5% within 60 days.

The cash discount allowed on the 50th day is?

  • A. 9360
  • B. 8,424
  • C. 4680
  • D. 4212
View Answer & Discuss WAEC 2018
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
2994

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10%  and cash discount is 10% within 30 days and 5% within 60 days.

The amount payable if payment is made on the 40th day is...........

  • A. 88,920
  • B. 84,240
  • C. 80,028
  • D. 72,025
View Answer & Discuss WAEC 2018
2995

An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo's account. This is an error of?

  • A. principle
  • B. commission
  • C. original entry
  • D. complete reversal
View Answer & Discuss WAEC 2018
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now