2009 - WAEC Accounting Past Questions and Answers - page 5
41
The depreciation on plant acquired by a manufacturing company is treated as
A
prime cost
B
administrative expenses
C
factory overhead
D
selling and distribution expenses
correct option: c
Users' Answers & Comments42
As evidence of payment to a government treasury, revenue collectors issue
A
treasury card
B
receipt voucher card
C
treasury receipt
D
payment voucher
correct option: c
Users' Answers & Comments43
Hardware in data processing refers to
A
programs runs on the computer
B
entry and storage of information on computer
C
microsoft disc operating system
D
mechanical components of the computer
correct option: d
Users' Answers & Comments44
Which of the following is a self-balancing account?
A
capital
B
interst on capital
C
drawings
D
share of profit
correct option: d
Users' Answers & Comments45
A medium of imputing data into the computer is through the use of the
A
keyboard
B
monitor
C
software
D
hardware
correct option: a
Users' Answers & Comments46
Which of the following is debited to partner's current account?
A
capital
B
interest on capital
C
drawings
D
share of profit
correct option: c
Users' Answers & Comments47
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu
A
debit cash account, credit Abu's account
B
debit Abu's account, credit cash account
C
debit cash account, credit sales account
D
debit sales account, credit cash account,
correct option: b
Users' Answers & Comments48
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, Abu's balance at the end of the month is
A
₦30,505 cr.
B
₦9,505 cr.
C
₦9,505 dr.
D
₦30,500 dr.
correct option: a
Users' Answers & Comments49
A debenture holder is a
A
creditor
B
promoter
C
debtor
D
shareholder
correct option: a
Users' Answers & Comments50
A stock as a form of capital of a company comprises
A
tons of merchandise
B
units of goods
C
units of shares
D
bundles of wares
correct option: c
Users' Answers & Comments