Waec Accounts - Principles of Accounts 2003 Past Questions and Answers

Question 1:

• WAEC 2003

An unfavourable balance of trade for a country means that her?

A. Exports exceed imports
B. Visible exports exceed invisible import
C. Invisible exports exceed visible exports
D. Imports and exports are equal

Question 2:

• WAEC 2003

An unfavourable balance of trade for a country means that her?

A. Exports exceed imports
B. Visible exports exceed invisible import
C. Invisible exports exceed visible exports
D. Imports and exports are equal

Question 3:

• WAEC 2003

A chain store is known as?

A. Department store
B. Multiple store
C. Supermarket
D. Hypermarket

Question 4:

• WAEC 2003

A net force of 15N acts upon a body of mass 3kg for 5s, calculate the change in the speed of the body

A. 25.0ms^-1
B. 9.0ms^-1
C. 2.5ms^-1
D. 1.0ms^-1

Question 5:

• WAEC 2003

The transformation of pieces of information into a more useful format is

A. Data processing
B. Information processing
C. Computerization
D. System analysis