2008 - WAEC Accounting Past Questions and Answers - page 5

The entries to record goods bought for cash are: debit

Carriage inwards is posted to

Repairs to air conditioners was debited to office equipment account. This is an error of

The practice of identifying with one constant approach where a number of approach exist for solving an accounting problem is the convention of

Trade creditors personal accounts are found in the

Which of the following is a norminal account?

Which of the following is not an instrument for controlling public expenditure?

Use the following to answer the given question
\(\begin{array}{c|c} & ₦\ \hline \text{Opening debtors} & 40,000\ \text{Opening creditors} & 30,000 \ \text{Credit sales} & 100,000\ \text{Credit purchases} & 80,000 \ \text{Bad debts}& 5,500\ \text{Set-offs} & 65,500\end{array}\)
Closing debtors figure is

Use the following to answer the given question
\(\begin{array}{c|c} & ₦\ \hline \text{Opening debtors} & 40,000\ \text{Opening creditors} & 30,000 \ \text{Credit sales} & 100,000\ \text{Credit purchases} & 80,000 \ \text{Bad debts}& 5,500\ \text{Set-offs} & 65,500\end{array}\)
Closing creditors figure is