1996 WAEC SSCE Accounts Past Questions

1996

A payment of ₦150 to a credit

1996

Which of the following are examples of Nominal account?

1996

The total debtors account of a trading concern is ₦13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. Bad debts is

1996

The total debtors account of a trading concern is ₦13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. What is the provision for doubtful debts?

1996

The person who has applied for shares in a company is called

1996

Which of the following is no part of prime cost of production?

1996

The payee of a cheque is the

1996

Factory wages are always entered into the

1996

which of the following is not an Appropriation account item for a company?

1996

The purpose of a trading account is to ascertain

1996

Which of the following entries would be made for goods bought and paid for immediately? Debit

1996

The balance sheet is a statement showing

1996

A trial balance is

1996

Debentures issued at a price above the nominal value are said to be issued

1996

An equipment costing ₦60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on straight line method. It was straight line method. it was sold on 30th June 1994 for ₦15,750. In the year o…

1996

An equipment costing ₦60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on straight line method. It was straight line method. it was sold on 30th June 1994 for ₦15,750. The net book…

1996

An equipment costing ₦60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on straight line method. It was straight line method. it was sold on 30th June 1994 for ₦15,750. Its accumulat…

1996

Mr. B sod goods worth ₦200 on credit to Mr. C. The credit sales should be entered into

1996

Mr. B sod goods worth ₦200 on credit to Mr. C. Mr. B should debit this to

1996

Payment is shown in the Balance Sheet as

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