Courses » WAEC » WAEC Accounting » Accounting Exam Topics » 2008 - Questions and Answers

2008 - WAEC Accounting Past Questions and Answers - page 2

11

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

A
large storage capacity
B
ver fast
C
highly accurate
D
highly diligent
Ask EduPadi AI for a Detailed Answer
12

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,
(Math input error)
The dividend payable to preference shareholders is

A
₦9,000
B
₦6,000
C
₦3,000
D
₦2,400
Ask EduPadi AI for a Detailed Answer
13

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

A
subscription accounts and income and expenditure accounts
B
subscriptions accounts and balance sheet
C
income and expenditure account and balance sheet
D
receipts snd payments account and income and expensiture account
Ask EduPadi AI for a Detailed Answer
14

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

A
credit sales
B
bad debts
C
returns inwards
D
discounts allowed
Ask EduPadi AI for a Detailed Answer
15

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

A
capital
B
drawings
C
creditors
D
bank balance
Ask EduPadi AI for a Detailed Answer
16

Use the following information
(Math input error)
Net profit is

A
₦ 43,000
B
₦25,000
C
₦23,000
D
₦18,000
Ask EduPadi AI for a Detailed Answer
17

Use the following information
(Math input error)
Closing capital is

A
₦81,000
B
₦78,000
C
₦74,000
D
₦64,000
Ask EduPadi AI for a Detailed Answer
18

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

A
interest on capital
B
salary
C
share of profit
D
share of loss
Ask EduPadi AI for a Detailed Answer
19

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

A
interest
B
premium
C
manufacturing profit
D
manufacturing overhead
Ask EduPadi AI for a Detailed Answer
20

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

A
general reserve
B
company tax
C
debenture interest
D
goodwill written off
Ask EduPadi AI for a Detailed Answer
Please share this, thanks: