2001 WAEC SSCE Accounts Past Questions

2001

The excess of current assets over current liabilities is

2001

Shares sold at the nominal value are issued at

2001

Sale of goods for ₦600 to Ade was not posted, This is an error of

2001

Which of the following is a capital expenditure?

2001

Which of the following is not an intangible asset?

2001

Which of the government serves as an input, storage and output device of a computer?

2001

Which of the following serve as the main Government Fund used to service all operations of the government?

2001

The Chief accounting officer of the federation is

2001

Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ purchases & 140,000 \\ \text{Closing Stock} & 10,000 \…

2001

Which of the following are correct about a limited liability company? i. Members have power to bind the company ii. Perpetual succession iii. Certificate of incorporation iv. Wound-up on death of a share holder

2001

Issue of prospectus is an invitation to members of the public to

2001

An agreement made by partners to regulate and govern their business activities is known as

2001

Ali ant Baba are in partnership sharing profits and losses if the ratio of 3 : 2 respectively. Net profit for the year was n4,000,000.00. The extract from the provisions of the partnership agreement and other information…

2001

Profits are recognised when goods are sold. What concept is this

2001

"The Accountant thinks the investment in the books are worthless". This is the

2001

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What is the profit or los…

2001

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What is the correct entry…

2001

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What was the book value…

2001

Which of the following does not relate to government accounting system?

2001

The head office usually issues goods to branches at

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2001 WAEC SSCE Accounts Past Questions

The excess of current assets over current liabilities is

Shares sold at the nominal value are issued at

Sale of goods for ₦600 to Ade was not posted, This is an error of

Which of the following is a capital expenditure?

Which of the following is not an intangible asset?

Which of the government serves as an input, storage and output device of a computer?

Which of the following serve as the main Government Fund used to service all operations of the government?

The Chief accounting officer of the federation is

Use the following information to answer the given question:\(\begin{array}{c|c} &amp; N \\ \hline Sales &amp; 200,000 \\ \text{Opening Stock} &amp; 20,000 \\ purchases &amp; 140,000 \\ \text{Closing Stock} &amp; 10,000 \…

Which of the following are correct about a limited liability company? i. Members have power to bind the company ii. Perpetual succession iii. Certificate of incorporation iv. Wound-up on death of a share holder

Issue of prospectus is an invitation to members of the public to

An agreement made by partners to regulate and govern their business activities is known as

Ali ant Baba are in partnership sharing profits and losses if the ratio of 3 : 2 respectively. Net profit for the year was n4,000,000.00. The extract from the provisions of the partnership agreement and other information…

Profits are recognised when goods are sold. What concept is this

"The Accountant thinks the investment in the books are worthless". This is the

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What is the profit or los…

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What is the correct entry…

Jeng Limited disposed a fixed asset in 1999 for ₦2,000. The asset was purchased in 1996 at a cost of ₦10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What was the book value…

Which of the following does not relate to government accounting system?

The head office usually issues goods to branches at

Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ purchases & 140,000 \\ \text{Closing Stock} & 10,000 \…