2008 - WAEC Accounting Past Questions and Answers - page 2

Which of the following is not a characteristic of a computer?

Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,
\(\begin{array}{c|c} & ₦\ \text{Profit and loss appropriation b/f} & 10,000\ \text{Net profit for the year} & 6,000\ \text{Proposed dividend on ordinary shares} & 4,000\ \text{Interim dividend} & 6,000\ \text{Goodwill written off} \ 600\end{array}\)
The dividend payable to preference shareholders is

Final accounts of a not-for-profit making organization is made up of

Which of the following is a debit entry in debtors control account?

Which of the following is not a debit item in a partnership appropriation account?

Use the following information
\(\begin{array}{c|c} & ₦ \\hline \text{Opening capital} & 60,000 \ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Net profit is

Use the following information
\(\begin{array}{c|c} & ₦\ \hline\text{Opening capital} & 60,000\ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Closing capital is

Which of the following is not a debit item in partners appropriation account?

The difference between factory cost of goods produced and its market value is

Which of the following is not an item in the appropriation account of a company?