1997 WAEC SSCE Accounts Past Questions

1997

Use the following information to answer this questionKudi Local Government Council incurred the following expenditure in 1995: N Payment of salaries 140,000Purchase of drugs for dispensaries 80,000Purchase of books for L…

1997

A cash discount is a

1997

A provision is

1997

Which of the following is not a personal account?

1997

An item is fictitious because it

1997

A real account is the account of

1997

A ledger is a

1997

Use the following information to answer this question A company charges out goods to a branch at cost plus 25 percent. It invoiced ₦12,00 worth of goodsThe double entry required for the mark-up is debit Branch

1997

Use the following information to answer this question A company charges out goods to a branch at cost plus 25 percent. It invoiced ₦12,00 worth of goodsThe mark-up is

1997

Which of the following is not a source document for recording sales?

1997

A financial plan of action expressed in monetary terms is known as

1997

Where a business is purchased, the full amount of the purchase consideration is credited to

1997

Which of the following is an advantage of the impurest system?

1997

In Manufacturing Account, prime cost plus factory overhead is known as

1997

Use the following information to answer this questionAn asset was bought on 1st January, 1992 for ₦20,000. Depreciation was provided for annually at 20% on cost. It was sold for ₦7,000 on 1st July, 1995.The profit on sal…

1997

Use the following information to answer this questionAn asset was bought on 1st January, 1992 for ₦20,000. Depreciation was provided for annually at 20% on cost. It was sold for ₦7,000 on 1st July, 1995.Accumulated depre…

1997

Which of the following is a normal account?

1997

In a partnership goodwill is recognized when

1997

An example of appropriation of profit in a company is

1997

A Receipt and Payments Account reveals

1 2 3