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Waec 2007 Accounts - Principles of Accounts Past QuestionsQuestion 1:The manufacturing account is prepared to determine the cost of A. Trading B. Production C. Factory overhead D. Raw materials Question 2:The manufacturing account is prepared to determine the cost of A. Trading B. Production C. Factory overhead D. Raw materials Question 3:Factory costs excluding prime cost is A. Overhead B. Material cost C. Fixed cost D. Administration cost Question 4:An example of direct expenses is A. Insurance B. Carriage inwards C. Purchases of raw materials D. Royalty Question 5:Which of the following is not shown in the trial balance? A. Opening stock B. Closing stock C. Discounts allowed D. Discounts received |
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