Waec Accounts - Principles of Accounts 2004 Past Questions and Answers

Question 6:

• WAEC 2004

Rent receivable account is an example of

A. Nnorminal account
B. Real account
C. Personal account
D. Private account

Question 7:

• WAEC 2004

Which of the following is not a source document?

A. Credit note
B. Invoice
C. Debit note
D. Bank note

Question 8:

• WAEC 2004

Pending the location of an error, the difference disclosed in a trial balance is temporarily treated in

A. Suspense Account
B. Trading account
C. Control account
D. Profit and loss account

Question 9:

• WAEC 2004

Which of the following items is not shown in the Trial Balance

A. Closng stock value
B. Opening stock balance
C. Opening dentors balance
D. Closing asset value

Question 10:

• WAEC 2004

The total of the purchases day book is posted to the purchases account in the

A. General ledger
B. Purchases journal
C. Private ledger
D. Purchases ledger