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Book Keeping 2024 WAEC Past Questions

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26

The gross profit is 

  • A. 317,000
  • B. 299,000
  • C. 281,000
  • D. 772,000
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27

The word limited written after the name of a company means that the.

  • A. Individual members capital is limited
  • B. Members are liable to the extent of their holdings
  • C. Total sum of the company's capital is limited
  • D. Company's activities are restricted
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28

Use the diagram above to answer the questions 

The letter X represents.

  • A. Nominal accounts
  • B. Personal Accounts
  • C. Assets Accounts
  • D. Expenditure Accounts
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29

The letter Y represents 

  • A. Nominal Accounts
  • B. Personal Accounts
  • C. Asset Accounts
  • D. Expenditure Accounts
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30

Which of the following factors can make an entrepreneur successful?

  • A. Availabilty of finance
  • B. Low business intelligence quotent
  • C. Insecurity of the business environment
  • D. Poor money management
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