Waec Accounts - Principles of Accounts 2006 Past Questions and Answers

Question 46:

• WAEC 2006

Use the following information to answer the given question
\(\begin{array}{c|c} & D\\ \hline \text{Balance as peer cash book} & 8,400\\ \text{Banking charges} & 300 \\ \text{standing order paid} & 2,500 \\ \text{Unpresented cheques} & 2,800 \end{array}\)
The adjustment cash book balance is

A. D11,200
B. D8,400
C. D6,200
D. D5,600

Question 47:

• WAEC 2006

Use the following information to answer the given question
\(\begin{array}{c|c} & D\\ \hline \text{Balance as peer cash book} & 8,400\\ \text{Banking charges} & 300 \\ \text{standing order paid} & 2,500 \\ \text{Unpresented cheques} & 2,800 \end{array}\)
The balance as per bank statement is

A. D10,900
B. D8,400
C. D5,600
D. D2,800

Question 48:

• WAEC 2006

Which of the following is not a purpose for preparing departmental accounts? To

A. Compare the results of different departments
B. Employ staff into different departments
C. Reward departmental managers
D. Obtain information for formulating policies

Question 49:

• WAEC 2006

Use the following information to answer the given question
\(\begin{array}{c|c} & D\\ \hline \text{Rent accrued 1st January, 2005} & 600\\ \text{Rent paid in 2005} & 11,300\\ \text{Rent prepaid 31st December, 2005} & 500\end{array}\)
Rent expenses for the year 2005 is

A. ₦11,400
B. ₦11,300
C. ₦11,200
D. ₦10,200