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1999 - WAEC Accounting Past Questions and Answers - page 2

11

Which of the following will not make a trial balance total to agree?

A
incomplete posting in the ledger accounts
B
double entry for each transaction
C
omission of a trabsaction from the ledger
D
wrong entry of correct amount into different groups of accounts
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12

Deferred charges are also known as

A
prepayment
B
accrued expenses
C
accruals
D
deferred income
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13

The vote book in governmental accounting is used to

A
register the name of voters
B
control expenditure
C
record government revenue
D
record taxes paid
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14

Use the following information to answer the
(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array})
The cash in hand on 31st July is

A
N2,220
B
N2,078
C
N1,642
D
N578
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15

Use the following information to answer the
(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array})
The cash at bank on 31st July is

A
N10,100
B
N8,900
C
N7,400
D
N5,900
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16

Use the following information to answer the
(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array})
The total cash payments during the month is

A
N2,220
B
N2,078
C
N1,642
D
N578
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17

Use the following information to answer the
(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array})
How many bits make 1 byte?

A
8 bits
B
9 bits
C
16 bits
D
64 bits
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18

Which of the following is does not relate to a non-for-profit-making organization?

A
Balance sheet
B
receipt and payment account
C
Ledger Accounts
D
Profit and Loss Account
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19

Which of the following is the memory part that is available for use by the computer user?

A
bits
B
Ram
C
Data
D
ROM
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20

In-not-profit-making organizations, accumulated fund is the name for

A
profit
B
loss
C
capital
D
current assets
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