WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

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
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
3376

A computer set bought for #150,000 was disposed for #45,000 after some years of use. The profit on disposal was #7,500. Accumulated depreciation at the time of disposal was

  • A. #112,500
  • B. #105,000
  • C. #97,500
  • D. #37,500
View Answer & Discuss (2) JAMB 2025
3377

Which of the following terms is not used to describe the total amount stated in the memorandum of association approved by the Registrar of Companies?

  • A. Registered capital
  • B. Issued capital
  • C. Authorised capital
  • D. Nominal capital
View Answer & Discuss JAMB 2025
3378

Shares issued below the nominal value are referred to as shares at

  • A. discount
  • B. face value
  • C. cumulative value
  • D. premium
View Answer & Discuss JAMB 2025
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
3379

Sulah took two textile materials worth GH¢ 500 from his business for his children's use. This would be treated as

  • A. drawings.
  • B. loan.
  • C. stock.
  • D. sales
View Answer & Discuss JAMB 2025
3380

Discounts received are

  • A. credited to the Profit and Loss Account
  • B. credited to the trading account
  • C. credited to the Appropriation Account
  • D. debited to the Profit and Loss Account
View Answer & Discuss JAMB 2025
Start a Free Practice Test
 
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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
Post UTME Past Questions Agent