1991 - WAEC Accounting Past Questions and Answers - page 2
Which of the following is in the personal Ledger?
Acquash has sold goods on credit and received N2,200 in cash from debtors. At the end of the previous year N500 was owed by customers. The balance outstanding this year is N300. sales for the year amounted to
The authorized share capital of a limited liability company is the number of shares
The document evidencing a disbursement of government fund is known as
The authority of the accountant-General to disburse from government fund is called
Where the cash book does not show a credit balance in a bank reconciliation: Unpresented cheques are book i. added to the cash book balance ii. added to the bank statement balance iii. deducted from the cash book balance
If the Opening stock is undervalued
Capital is the
Carriage outwards is accounting term for amount spent on
In a manufacturing organization, which of the following expenses does not elate to cost of production?