Waec 2007 Accounts - Principles of Accounts Past Questions with Answers

Waec 2007 Accounts - Principles of Accounts Past Questions

Question 1:

WAEC 2007

The manufacturing account is prepared to determine the cost of

A. Trading
B. Production
C. Factory overhead
D. Raw materials

View Answer & Explanation

Question 2:

WAEC 2007

The manufacturing account is prepared to determine the cost of

A. Trading
B. Production
C. Factory overhead
D. Raw materials

View Answer & Explanation

Question 3:

WAEC 2007

Factory costs excluding prime cost is

A. Overhead
B. Material cost
C. Fixed cost
D. Administration cost

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Question 4:

WAEC 2007

An example of direct expenses is

A. Insurance
B. Carriage inwards
C. Purchases of raw materials
D. Royalty

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Question 5:

WAEC 2007

Which of the following is not shown in the trial balance?

A. Opening stock
B. Closing stock
C. Discounts allowed
D. Discounts received

View Answer & Explanation

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Waec Accounts - Principles of Accounts 2007 Past Questions and Answers

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