2006 - WAEC Accounting Past Questions and Answers - page 2

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦\ \hline \text{ordinary shares of ₦1 each} & 500,000\ \text{8% preference shares of ₦1 each} & 200,000\ \text{Interim dividends paid} & \ \text{- ordinary shares} & 40,000\ \text{-preference shares} & 12,000\ \text{profit for the year} & 100,000\end{array}\)
The dividend per ordinary shares for the year is

A customers who returns goods to the supplier because they are detective is issued a

Cross referencing among different books of accounts is achieved with the use of

In company accounts, profit after tax is shared in the

Which of the following is not a source of revenue to a government?

Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\ & D & D \ \hline Capital & 2,000 & 10,000\ Drawings & 2,400 & 10,000\ Salary & - & 900\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Ebima's share was

Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\ & D & D \ \hline Capital & 2,000 & 10,000\ Drawings & 2,400 & 10,000\ Salary & - & 900\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Jaiteh's share of profit was

Whatever is fed into the computer is exactly what would be processed and produced as output. This is the concept of

Bank reconciliation statement reconciles

The unit which keeps government's books of accounts is the