1991
Use the following information to answer the given question:BOUGHT LEDGER CONTROL ACCOUNT:\(\begin{array}{c|c} & N & N \\ \hline \text{Purchases returns} & 1,500 & \text{Balance b/f} & 5,000 \\ \text{B…
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1991 WAEC SSCE Accounts Past Questions
1991
Use the following information to answer the given question:BOUGHT LEDGER CONTROL ACCOUNT:\(\begin{array}{c|c} & N & & N \\ \hline \text{Purchases returns} & 1,500 & \text{Balance b/f} & 5,000 \\ \…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Manufacturing cost of finished goods} & 75,000 \\ \text{Mark-up is 25%} & 5,000 \end{array}\)The net profit…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & DR & CR \\ & N & N \\ \hline \text{Goodwill} & 10,000 & \\ \text{Plant and Machinery} & 32,000& \\ \text{F…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & DR & CR \\ & N & N \\ \hline \text{Goodwill} & 10,000 & \\ \text{Plant and Machinery} & 32,000& \\ \text{F…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Balance brought forward} & 500Cr \\ \text{Amount paid to suppliers} & 12,000 \\ \text{Returns outwards} &…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Stock in hand} & 4,000 \\ \text{Purchases for resale} & 5,000 \\ Sales & 3,500 \\ Margin & \text{20%…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \\ & N & N \\ \hline creditors & 5,000 & 8,000 \\ stock & 1,200 & 1,100 \\…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \\ & N & N \\ \hline creditors & 5,000 & 8,000 \\ stock & 1,200 & 1,100 \\…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \\ & N & N \\ \hline creditors & 5,000 & 8,000 \\ stock & 1,200 & 1,100 \\…
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1991
Use the following information to answer the given question:\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \\ & N & N \\ \hline creditors & 5,000 & 8,000 \\ stock & 1,200 & 1,100 \\…
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1991
A delivery van was bought on credit. The transaction would be entered by the customer first in the
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1991
Accounting term used to describe the excess of current assets over current liabilities is
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1991
Payment of salaries to partners is
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1991
A business which converts raw materials to finished goods prepares
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1991
Which of the following statements is not true of a non-profit making organization?
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1991
The capital sum which represents the difference between the assets and liabilities of a society or club is referred to as
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1991
The trading Account is usually headed
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1991
Which of the following accounts are treated in the nominal ledger? i. wages ii. discounts allowed iii. purchases
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1991
The cost of goods sold at ₦32,000. The gross profit is 25% on cost. Returns inward amounts to ₦2,000, What is the value of sales?
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