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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
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42

As evidence of payment to a government treasury, revenue collectors issue

A
treasury card
B
receipt voucher card
C
treasury receipt
D
payment voucher
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43

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
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44

Which of the following is a self-balancing account?

A
capital
B
interst on capital
C
drawings
D
share of profit
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45

A medium of imputing data into the computer is through the use of the

A
keyboard
B
monitor
C
software
D
hardware
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46

Which of the following is debited to partner's current account?

A
capital
B
interest on capital
C
drawings
D
share of profit
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47

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,
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48

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.
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49

A debenture holder is a

A
creditor
B
promoter
C
debtor
D
shareholder
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50

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
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