Waec Accounts - Principles of Accounts 2003 Past Questions and Answers

Question 46:

• WAEC 2003

Which of the following is not a source document?

A. Cheque stub
B. Cash receipt
C. Cash receipt
D. Cas book

Question 47:

• WAEC 2003

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200 \\ \text{Bank charged} & 300 \\ \text{Unpresented cheques} & 2,400\end{array}\)
The adjusted cash book balance is

A. ₦18,900
B. ₦18,000
C. ₦17,700
D. ₦16,500

Question 48:

• WAEC 2003

Which of the following transactions is posted to the nominal ledger?

A. Discounts alloed to customers
B. Cash paid by a customer
C. Purchase of fixed asset for cash
D. Cash paid to suppliers

Question 49:

• WAEC 2003

Which of the following is a real account item?

A. Goodwill
B. Fixtures
C. Debtors
D. Interest

Question 50:

• WAEC 2003

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200\\ \text{Bank charged} & 300\\ Unpresented cheques} & 2,400\end{array}\)
The balance as per statement is

A. ₦21,300
B. ₦16,500
C. ₦16,500
D. ₦14,100