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Book Keeping 2024 WAEC Past Questions

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21

The book of original entry for recording cash sales is

  • A. Sales day book
  • B. Cash book
  • C. Sales ledger
  • D. Petty cash book
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22

A self balancing ledger is 

  • A. Trading account
  • B. Control account
  • C. Sales ledger
  • D. Petty cash book
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23

Subscription in advance is treated in the balance sheet as an item under 

  • A. Fixed Assets
  • B. Current Assets
  • C. Long-term liabilities
  • D. Current liabilities
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24

The net sales is 

  • A. #919,000
  • B. #800,000
  • C. #782,000
  • D. #772,000
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25

The cost of goods available for sale is 

  • A. 647,000
  • B. 591,000
  • C. 570,000
  • D. 501,000
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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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