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
correct option: a
Users' Answers & Comments12
Deferred charges are also known as
A
prepayment
B
accrued expenses
C
accruals
D
deferred income
correct option: a
Users' Answers & Comments13
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
correct option: b
Users' Answers & Comments14
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
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash in hand on 31st July is
A
N2,220
B
N2,078
C
N1,642
D
N578
correct option: c
Users' Answers & Comments15
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
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The cash at bank on 31st July is
A
N10,100
B
N8,900
C
N7,400
D
N5,900
correct option: c
Users' Answers & Comments16
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
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
The total cash payments during the month is
A
N2,220
B
N2,078
C
N1,642
D
N578
correct option: a
Users' Answers & Comments17
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?
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \ & 2 & \text{Paid Asaolu T. by cheque} & N1,500 \ & 5 & \text{Paid transport by cash} & N42 \ & 9 & \text{Received cheque from Olawoyin} & N3,600 \ & 15 & \text{Cash sales to date} & N1,800 \ & 17 & \text{Paid Haruna by cheque} & N1,200 \ & 19 & \text{Paid Umana by cash} & N100 \ & 31 & \text{Paid wages by cash} & N1,500 \end{array}\)
How many bits make 1 byte?
A
8 bits
B
9 bits
C
16 bits
D
64 bits
correct option: b
Users' Answers & Comments18
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
correct option: d
Users' Answers & Comments19
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
correct option: b
Users' Answers & Comments20
In-not-profit-making organizations, accumulated fund is the name for
A
profit
B
loss
C
capital
D
current assets
correct option: c
Users' Answers & Comments