2005 - WAEC Accounting Past Questions and Answers - page 5
Which of the following is apportioned in proportion of the purchases of each department?
Using the following information to answer the given question
(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Chief Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array})
Additional information:
(a) All employees are on the first step of their
(b) Allowances
(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array})
The total basic salary for the year was
Using the following information to answer the given question
(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Cheif Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array})
Additional information:
(a) All employees are on the first step of their
(b) Allowances
(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array})
The total transport allowance was
Using the following information to answer the given question
(\begin{array}{c|c} Post & Grade & \text{Number in post}& Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Cheif Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array})
Additional information:
(a) All employees are on the first step of their
(b) Allowances
(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array})
The total housing allowance was
Using the following information to answer the given question
(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Cheif Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array})
Additional information:
(a) All employees are on the first step of their
(b) Allowances
(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array})
The responsibility allowance of grade leaves 14 and 15 was
The part of the C.P.U used for the processing of data is
Resources consumed but to be paid for within the next accounting period are classified in the balance sheet as
Where a proprietor withdraws stock for personal consumption, the accounting entries to record the transaction are
Where there is a loss on disposal of a fixed asset, it means