2003 - WAEC Accounting Past Questions and Answers - page 5

A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was

Which of the following errors would affect the agreement of the agreement of the trial balance totals?

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was

Which of the following items is found in the credit column of the trial balance?

Which of the following is not a source document?

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \ \hline \text{Balance as per cash book} & 18,000\ \text{Dishonored cheques} & 1,200 \ \text{Bank charged} & 300 \ \text{Unpresented cheques} & 2,400\end{array}\)
The adjusted cash book balance is

Which of the following transactions is posted to the nominal ledger?

Which of the following is a real account item?

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \ \text{Balance as per cash book} & 18,000\ \text{Dishonored cheques} & 1,200\ \text{Bank charged} & 300\ Unpresented cheques} & 2,400\end{array}\)
The balance as per statement is

The purchase of a typewriter for office use was debited to purchases Account. This is an error of