2017 WAEC SSCE Accounts Past Questions

2017

When allotment of shares is made applicants for shares of a company become

2017

Use the following information to answer the question belowUse the following information to answer the question belowOpening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing stock--…

2017

Use the following information to answer the question belowOpening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing stock-----------3,600 Cost of goods sold---11,500The percentage o…

2017

Share premium is classified in the balance sheet as

2017

Working capital is the excess of

2017

Goodwill may be brought into the books when

2017

Interest on partners drawings are debited in the

2017

Where there is no agreement between the partners, the Partnership Act states that

2017

In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of

2017

A statement of affairs shows

2017

Donations to a club are

2017

A trader sells goods at an average margin of 20%. His cost of sales for the month amounted to N720,000. What is his profit figure?

2017

Which of the following accounts or statements is used to determine credit purchasefigures in incomplete records?

2017

A disadvantage of single entry system of book-keeping is that

2017

Which of the following items will appear in the Total Creditors Account?

2017

The purpose of keeping Sales and Purchases Ledger Control Account is to

2017

In a manufacturing enterprise depreciation of plant is treated in the

2017

The production cost of a manufacturing firm is made up of

2017

Factory wages from part of

2017

The excess of the market value of goods produced over the cost of production is

1 2 3 4