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