1990 WAEC SSCE Accounts Past Questions

1990

Which of the following should be included in the adjusted cash book?

1990

The balance of the pretty cash book should be

1990

An overdraft is usually shown as a

1990

The purchase of a typewriter for office use for ₦2,500 should be debited to

1990

A credit note from a supplier for damaged goods would first be entered in the

1990

The sales day book will show goods sold

1990

The principal of double entry book-keeping is that

1990

Which of the following is true of the uses of the journal proper? i. correction of errors. ii. opening and closing the accounting books iii. recording cash purchases

1990

The trial balance will show return outwards account ₦60. discount allowed account ₦100, respectively as

1990

Which of the following errors affects the trial balance?

1990

Abid and Onik were in partnership sharing profit in the ratio 3 : 2. Their respective capitals were ₦4,000 and ₦2,000 and their drawings ₦1,800 and ₦1,200. Profit during the year was ₦5,400; before 5% interest on capital…

1990

Prime cost consist of

1990

Which of the following does not belong to the group?

1990

Which of the following is not true of revenue expenditure? i. It is incurred in one period of account. ii. its full benefits are consumed in the period incurred. iii. it includes items for replacement and repairs iv. i…

1990

A trial balance is a proof of

1990

Prof. Bush had two accounts with Olive Brother agreed to have only one balance outstanding. By which of the following methods could this be effected?

1 2