2018 WAEC SSCE Accounts Past Questions

2018

The concept which states that revenue is recognized when goods are sold is

2018

The consistency concept aims at?

2018

The concept that implies that a business will operate for an indefinitely long period of time is...............

2018

Which of the following activities will increase profits?

2018

Sales and purchases ledger are used in a business to keep records of?

2018

A debit balance of N420 on the purchase ledger control account means that as at that date............

2018

The current assets less current liabilities is

2018

An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo's account. This is an error of?

2018

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount is 10% within 30 days and 5% within 60 days.The amount payable if payment ismade on the 40th day is...........

2018

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount is 10% within 30 days and 5% within 60 days.The cash discount allowed on the 50th day is?

2018

A reduction n price to encourage prompt payment is........

2018

Entries in the purchase journal are transferred to the .............

2018

The apportionment of the cost of a fixed asset to the profit and loss account is termed?

2018

The claim of a proprietor of a business entity on its assets is................

2018

A document forwarded to a supplier showing unsatisfactory goods is................................

2018

Credit notes received are source documents for.........

2018

Which of the following transactions is a revenue expenditure?

2018

Which of the following items is found on the debit side of the trial balance?

2018

One of the characteristics of useful accounting information is--------

2018

Investors in a business are mainly interested in firm's--------

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