2007
Youngsters Club has a membership of 115 persons. Each member pays an annual subscription of ₦50. During the year ended 31st December 2005, 8 members had not paid their subscriptions. using the information, the subscripti…
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2007 WAEC SSCE Accounts Past Questions
2007
The assumption that a business has perpetual existence is recognized by
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2007
In single entry and incomplete records, the net assets method used to ascertain profit is
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2007
The cost price of a book is Le 9,000 and the selling price is Le 12,000. The mark up s
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2007
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from cus…
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2007
Items on the left-hand side of a total debtors account are debits in the
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2007
Which of the following is not a cause of depreciation?
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2007
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from cus…
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2007
Use the following information to answer the given question:\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received during the year 2005} & D5,000\\ \text{Rent receivable accru…
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2007
Use the following information to answer the given question:\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received during the year 2005} & D5,000\\ \text{Rent receivable accru…
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2007
Use following information to answer the given:\(\begin{array}{c|c} & N \\ \hline \text{Balance as per cash book} & 8,000 Cr\\ \text{Unpresented cheques} & 14,400\\ \text{Uncredited cheque} & 2,600\\ \text…
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2007
The profit of sole trader increases his
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2007
The total of the discounts is transferred to
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2007
The sum of money given to a petty cashier out of which small payments are made is a/an
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2007
A rent ₦12,000 was paid by Taiwo to his landlord by cheque. The double entry in Taiwo's books is
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2007
The total of the sales journal is posted to the
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2007
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} & 1,350 \\ \text{Creditors- 1/01/2004} & 1,274 \\ \text{Cr…
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2007
A debit entry in the cash account and a corresponding credit in Alieu's account indicate a
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2007
Adobaw extracted a trial balance on 31st December 2005 and realized that the total of debit balance exceeded the total of credit balance. Pending investigation the difference should be
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2007
Which of the following statements is not true?
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