2010 - WAEC Accounting Past Questions and Answers - page 2

The balance in a sales Ledger Counter Account indicates the

A temporary difference of bank occurs in only one account with the second figure stated, this is an error of

In the preparation of bank reconciliation statement cheque are

Which of the following in the found in the general ledger?

Use the following information to answer the given question
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\ \text{1/1/06 Provision for bad debts} & D60\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)
What is the amount of the new provision for bad debts?

Use the following information to answer the given question
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\ \text{1/1/06 Provision for bad debts} & D60\ \text{31/12/06 New provision provision for bad debts} & \text{5% on debtors}\end{array}\)
The provision for bad debts in the profit and loss account is

Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what is the gross profit?

Which of the following is the equivalent of the receipts payment accounts?

Subscriptions received in advance are

Where records maintained are inadequate to facilitate the preparation of a trading and profit and loss accounts, this is described as