2001 - WAEC Accounting Past Questions and Answers - page 5
An agreement made by partners to regulate and govern their business activities is known as
Issue of prospectus is an invitation to members of the public to
Which of the following are correct about a limited liability company? i. Members have power to bind the company ii. Perpetual succession iii. Certificate of incorporation iv. Wound-up on death of a share holder
Use the following information to answer the given question
(\begin{array}{c|c} & N \ \hline Sales & 200,000 \ \text{Opening Stock} & 20,000 \ purchases & 140,000 \ \text{Closing Stock} & 10,000 \ Expenses & 10,000\ Bank & 10,000 \ Capital & 85,000 \ Creditors & 35,000 \ Debtors & 50,000 \ \text{Fixtures and fittings, cost} & 10,000 \ \text{Freehold land and building} & 70,000 \ Drawings & 10,000\end{array})
Percentage of net profit to sales is
Use the following information to answer the given question
(\begin{array}{c|c} & N \ \hline Sales & 200,000 \ \text{Opening Stock} & 20,000 \ purchases & 140,000 \ \text{Closing Stock} & 10,000 \ Expenses & 10,000\ Bank & 10,000 \ Capital & 85,000 \ Creditors & 35,000 \ Debtors & 50,000 \ \text{Fixtures and fittings, cost} & 10,000 \ \text{Freehold land and building} & 70,000 \ Drawings & 10,000\end{array})
Acid test ratio is
Use the following information to answer the given question
(\begin{array}{c|c} & N \ \hline Sales & 200,000 \ \text{Opening Stock} & 20,000 \ purchases & 140,000 \ \text{Closing Stock} & 10,000 \ Expenses & 10,000\ Bank & 10,000 \ Capital & 85,000 \ Creditors & 35,000 \ Debtors & 50,000 \ \text{Fixtures and fittings, cost} & 10,000 \ \text{Freehold land and building} & 70,000 \ Drawings & 10,000\end{array})
Gross profit is
The Chief accounting officer of the federation is
Which of the following serve as the main Government Fund used to service all operations of the government?
Which of the government serves as an input, storage and output device of a computer?
The expenditure on a good or service which is consumed either immediately or within a current accounting government?