2003 - WAEC Accounting Past Questions and Answers - page 3

The account that shows both the cash and bank transactions of an enterprise is

A control account is

In a not-for-profit making organization, the cash book is summarized in the form of

Which of the following is found in a receipts and payments account?

Using the following information,
\(\begin{array}{c|c} & ₦ \ \hline \text{club house} & 375,000\ \text{Furniture} & 250,000\ \text{Sport kit} & 400,000 \ \text{subscriptions prepaid} & 10,000\ \text{Bar creditors} & 156,000 \ \text{subscriptions owing} & 45,000\end{array}\)
What is the club's accumulated fund?

Which of the following is not a credit item in the sales ledger control account?

Which of the following items is found on he credit side of a sales Ledger Control Account?

Use the following information to answer the given question
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \ & ₦ & ₦ \ creditors & 4,200 & 5,200 \ stocks & 3,600 & 3,200 \ \text{cash paid to creditors during the year was ₦18,000} \end{array}\)
Purchases for the year was

Use the following information to answer the given
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \ & ₦ & ₦ \ creditors & 4,200 & 5,200 \ stocks & 3,600 & 3,200 \ \text{cash paid to creditors during the year was ₦18,000} \end{array}\)
Cost of sales for the year was

The cost of raw materials consumed is determined in the Manufacturing Account as