2000 WAEC SSCE Accounts Past Questions

2000

Profit expressed as a fraction of the selling price is known as

2000

In computing, external storage is called

2000

Rent owing as at 31st December 1998, ₦800. Rent paid up to 31st December 1998, ₦1,700. Rent owing as at 1st January 1998, ₦500. The closing balance for 1998 is an item under

2000

Rent owing as at 31st December 1998, ₦800. Rent paid up to 31st December 1998, ₦1,700. Rent owing as at 1st January 1998, ₦500. Rent charged to the profit and loss account for the year 1998 is

2000

When a buyer is undercharged, the seller forwards

2000

Prepaid rent of ₦650 had been recorded as ₦560. This is an error of

2000

Gross Profit of a business is the

2000

Expenses incurred when incorporating a company are

2000

The entries necessary for recording profit loading on goods sent to branch are

2000

XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of ₦1 each at a discount of 5%. The assets of ABC Enterprises are stock ₦18,000. Debtors ₦11,000. Capital reserve was

2000

XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of ₦1 each at a discount of 5%. The assets of ABC Enterprises are stock ₦18,000. Debtors ₦11,000. The purchase consideration was

2000

Closing stock was overstated. The effect is that

2000

When goods are purchased on account, the accounting entries are

2000

The ratio which measures the solvency of a firm is the

2000

A partner who has full power of participating in the conduct of a partnership business is a

2000

In a bonus issue of one new share for every four held, a holder of 100,000 shares will get additional shares of

2000

Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are ₦60,000 and ₦40,000 respectively. Profit for the year is ₦20,000. Interest on capital is 10%. What is Williams' int…

2000

Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are ₦60,000 and ₦40,000 respectively. Profit for the year is ₦20,000. Interest on capital is 10%. If Williams introduce…

2000

Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are ₦60,000 and ₦40,000 respectively. Profit for the year is ₦20,000. Interest on capital is 10%. What is Jacob's share…

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