2005 - WAEC Accounting Past Questions and Answers - page 1
The systematic recording of business transactions is
An allowance given to a customer by a supplier for prompt payment is
Which of the following is not contained in a journal? To record
A trial balance is a list of
Which of the following is found in the private ledger?
Which of the following is not one of the uses of a journal proper? To record
Which of the following is an example of direct expense?
Use the information to answer the given question
(\begin{array}{c|c} Dr & & & & & Cr \ \hline & N & & & N & Cr \ \hline \text{Jan 5 Hassan} & 3,080 & \text{Jan 1} & \text{Balance b/s} & 7,090 & \ \text{Jan 24 malik} & 1,200 & \text{Jan 9} & \text{Dauda} & 1,400 & \ \text{Jan 29 Rasaq} & 1,240 & \text{Jan 31} & \text{Hussein} & 630 & \ \text{Jan 31 Lukman} & 1,060 & & & \ \text{Jan. 31 Balance c/d} & 2,540 & & & \ & \overline{9,120} & & & \overline{9,120} \ & & \text{Feb 1} & \text{Balance b/d} & \overline{2,540} & \end{array})
Bank statement:
(\begin{array}{c|c} & Dr & Cr & Balance \ \hline & N & N & N \ \hline \text{Jan 1 Balance b/d} & & & 7,090 O/D \ \text{Jan 5 Hassan} & & 3,080 & 4,010 O/D \ \text{Jan 9 Dauda} & 1,400 & & 5,410 O/D \ \text{Jan 24 malik} & & 1,200 & 4,210 O/D \ \text{Jan 29 Rasaq} & & 1,240 & 2,970 O/D \ \text{Jan 30 Standing order} & 770 & & 3,740 O/D \ \text{Jan 31 Bank charges} & 490 & & 4,230 O/D \end{array})
Unpresented cheque(s) totalled
Use the information to answer the given question
(\begin{array}{c|c} Dr & & & & & Cr \ \hline & N & & & N & Cr \ \hline \text{Jan 5 Hassan} & 3,080 & \text{Jan 1} & \text{Balance b/s} & 7,090 & \ \text{Jan 24 malik} & 1,200 & \text{Jan 9} & \text{Dauda} & 1,400 & \ \text{Jan 29 Rasaq} & 1,240 & \text{Jan 31} & \text{Hussein} & 630 & \ \text{Jan 31 Lukman} & 1,060 & & & \ \text{Jan. 31 Balance c/d} & 2,540 & & & \ & \overline{9,120} & & & \overline{9,120} \ & & \text{Feb 1} & \text{Balance b/d} & \overline{2,540} & \end{array})
Bank statement:
(\begin{array}{c|c} & Dr & Cr & Balance \ \hline & N & N & N \ \hline \text{Jan 1 Balance b/d} & & & 7,090 O/D \ \text{Jan 5 Hassan} & & 3,080 & 4,010 O/D \ \text{Jan 9 Dauda} & 1,400 & & 5,410 O/D \ \text{Jan 24 malik} & & 1,200 & 4,210 O/D \ \text{Jan 29 Rasaq} & & 1,240 & 2,970 O/D \ \text{Jan 30 Standing order} & 770 & & 3,740 O/D \ \text{Jan 31 Bank charges} & 490 & & 4,230 O/D \end{array})
Unpresented cheque(s) totalled
Uncredited cheques totalled
Use the information to answer the given question
(\begin{array}{c|c} Dr & & & & & Cr \ \hline & N & & & N & Cr \ \hline \text{Jan 5 Hassan} & 3,080 & \text{Jan 1} & \text{Balance b/s} & 7,090 & \ \text{Jan 24 malik} & 1,200 & \text{Jan 9} & \text{Dauda} & 1,400 & \ \text{Jan 29 Rasaq} & 1,240 & \text{Jan 31} & \text{Hussein} & 630 & \ \text{Jan 31 Lukman} & 1,060 & & & \ \text{Jan. 31 Balance c/d} & 2,540 & & & \ & \overline{9,120} & & & \overline{9,120} \ & & \text{Feb 1} & \text{Balance b/d} & \overline{2,540} & \end{array})
Bank statement:
(\begin{array}{c|c} & Dr & Cr & Balance \ \hline & N & N & N \ \hline \text{Jan 1 Balance b/d} & & & 7,090 O/D \ \text{Jan 5 Hassan} & & 3,080 & 4,010 O/D \ \text{Jan 9 Dauda} & 1,400 & & 5,410 O/D \ \text{Jan 24 malik} & & 1,200 & 4,210 O/D \ \text{Jan 29 Rasaq} & & 1,240 & 2,970 O/D \ \text{Jan 30 Standing order} & 770 & & 3,740 O/D \ \text{Jan 31 Bank charges} & 490 & & 4,230 O/D \end{array})
Unpresented cheque(s) totalled
Adjusted Cash Book balance is