2007 - WAEC Accounting Past Questions and Answers - page 1
The manufacturing account is prepared to determine the cost of
Factory costs excluding prime cost is
An example of direct expenses is
Which of the following is not shown in the trial balance?
Financial accounting information is for
Which of the following statements is not true?
Use the following information to answer the given question
(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock} & 1,800\ \text{Closing stock} & 1,350 \ \text{Creditors- 1/01/2004} & 1,274 \ \text{Creditors- 31/12/2004} & 1,140\ \text{Cash paid to creditors} & 6,900\ \text{Debtors 1/01/2004} & 465\ \text{Cash received from debtors} & 11,130 \ \text{Debtors 31/12/2004} & 300\end{array})
Sales for the year was
Adobaw extracted a trial balance on 31st December 2005 and realized that the total of debit balance exceeded the total of credit balance. Pending investigation the difference should be
A debit entry in the cash account and a corresponding credit in Alieu's account indicate a
Use the following information to answer the given question
(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock} & 1,800\ \text{Closing stock} & 1,350 \ \text{Creditors- 1/01/2004} & 1,274 \ \text{Creditors- 31/12/2004} & 1,140\ \text{Cash paid to creditors} & 6,900\ \text{Debtors 1/01/2004} & 465\ \text{Cash received from debtors} & 11,130 \ \text{Debtors 31/12/2004} & 300\end{array})
Cost of sales for the year was