1991 WAEC SSCE Accounts Past Questions

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1991

In a manufacturing organization, which of the following expenses does not relate to cost of production?

1991

Carriage outwards is accounting term for amount spent on

1991

Capital is the

1991

If the Opening stock is undervalued

1991

Where the cash book does not show a credit balance in a bank reconciliation: Unpresented cheques are book i. added to the cash book balance ii. added to the bank statement balance iii. deducted from the cash book bala…

1991

The authority of the accountant-General to disburse from government fund is called

1991

The document evidencing a disbursement of government fund is known as

1991

The authorized share capital of a limited liability company is the number of shares

1991

Acquash has sold goods on credit and received ₦2,200 in cash from debtors. At the end of the previous year ₦500 was owed by customers. The balance outstanding this year is ₦300. sales for the year amounted to

1991

Which of the following is in the personal Ledger?

1991

Discount allowed is a charge to

1991

₦100 received from Laifat was entered on the payments side of the cash book with the double entry completed in her account. The correcting journal entries are

1991

Where there is provision for depreciation account, fixed assets must be shown in the Balance Sheet at the i. written down values ii. historical costs less depreciation for a period only iii. historical costs less t…

1991

Depreciation is

1991

The price paid for the purchase of for the purchase of a business is

1991

Which of the following is related to debtors account?

1991

Reccurrent expenditure of government is paid from

1991

In government imprest system the amount reimbursed is the

1991

Preliminary expenses of a limited liability company are

1991

When shares are oversubscribed, the promoter may decide to scale down the number of shares allotted; when this is done, the shares are being

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