2017 WAEC SSCE Accounts Past Questions

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2017

Use the following information to answer the question belowSales ledger balances 01/06/12------9,000 30/06/12------------------------------------30,000 Total for the month: Cash sales-----10,000 Returns inwards ----------…

2017

Use the following information to answer the question belowSales ledger balances 01/06/12------9,000 30/06/12------------------------------------30,000 Total for the month: Cash sales-----10,000 Returns inwards ----------…

2017

An organization purchased a piece of equipment for N112,000. It is expected to be used for 6 years then sold for N16,000. What is the annual amount of depreciation, if the straight-line method is used?

2017

The cost of transporting purchased goods t0 the warehouse is charged to the

2017

Carriage outward expenses of a business are treated in the

2017

The prudence concept demands that

2017

Which of the following accounts are found in the nominal ledger? I. Advertising ll.Motor repairs lll. Additions to the motor vehicle

2017

The accounting concept that provides that accounting statements should not be influenced by personal opinion is

2017

Account payable is classified as a

2017

The accounts of Jute Enterprise in the books of a supplier will be a

2017

Which of the following describes a trial balance?

2017

The effect on profit when the closing stock is understated is

2017

The balance sheet equation shows

2017

Discount allowed on goods invoiced at N100,000 was calculated at the rate of 20% instead of 10%. The error is corrected by debiting

2017

A credit purchase of N200 from P. Osae was posted to the account of P. Osei. This is an error of

2017

A suspense account is used in the

2017

If a petty cashier has a cash float of Le 39,000 and Le 37,500 is spent, he will be reimbursed with

2017

Which of the following items will not be entered in the adjusted cash book?

2017

2017 WAEC SSCE Accounts Past Questions

Use the following information to answer the question belowSales ledger balances 01/06/12------9,000 30/06/12------------------------------------30,000 Total for the month: Cash sales-----10,000 Returns inwards ----------…

Use the following information to answer the question belowSales ledger balances 01/06/12------9,000 30/06/12------------------------------------30,000 Total for the month: Cash sales-----10,000 Returns inwards ----------…

An organization purchased a piece of equipment for N112,000. It is expected to be used for 6 years then sold for N16,000. What is the annual amount of depreciation, if the straight-line method is used?

The cost of transporting purchased goods t0 the warehouse is charged to the

Carriage outward expenses of a business are treated in the

The prudence concept demands that

Which of the following accounts are found in the nominal ledger? I. Advertising ll.Motor repairs lll. Additions to the motor vehicle

The accounting concept that provides that accounting statements should not be influenced by personal opinion is

Account payable is classified as a

The accounts of Jute Enterprise in the books of a supplier will be a

Which of the following describes a trial balance?

The effect on profit when the closing stock is understated is

The balance sheet equation shows

Discount allowed on goods invoiced at N100,000 was calculated at the rate of 20% instead of 10%. The error is corrected by debiting

A credit purchase of N200 from P. Osae was posted to the account of P. Osei. This is an error of

A suspense account is used in the

If a petty cashier has a cash float of Le 39,000 and Le 37,500 is spent, he will be reimbursed with

Which of the following items will not be entered in the adjusted cash book?

A document sent by a bank to its current account customers detailing their transactions over a given period is

The claim on the assets of a business by outsiders is