Waec Accounts - Principles of Accounts 2004 Past Questions and Answers

Question 51:

• WAEC 2004

Capital at start was N280,000, while at the end of the year was N485,000 and drawings during he year was N15,000. What is profit for the year?

A. N265,000
B. N220,000
C. N205,000
D. N190,000

Question 52:

• WAEC 2004

Computer programmes are

A. Micro processors
B. Software
C. Hardware
D. Memory

Question 53:

• WAEC 2004

Which of the following is not a unit of the computer?

A. Console
B. Output
C. Control
D. Input

Question 54:

• WAEC 2004

The transfer of goods between departments is recorded be debiting

A. The receiveing department and crediting the giving department
B. The giving department and crediting the receiving department
C. Stock account and crediting trading account
D. Trading account and crediting purchases account