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Accounts Principles Of Accounts 2007 Waec Past QuestionsQuestion 41 :Which of the following is not used for determining working capital? A. Cash B. Debtors C. Motor vehicles D. Overdraft Question 42 :In the absence of partnership agreement, a loan by a partner attracts interest at A. 20% B. 15% C. 10% D. 5% Question 43 :Which of the following is not a data processing method? A. Manual B. Mechanical C. Electronic D. Formatting Question 44 :The correct sequence in data processing is A. Input \(\to\) process \(\to\) output B. Input \(\to\) output \(\to\) process C. Process \(\to\) input \(\to\) output D. Process \(\to\) output \(\to\) input Question 45 :Use the following information to answer the given question \(\begin{array}{c|c}year & profit \\ \hline 2003 & Le 40,000\\ 2004 & Le 48,000\\ 2005 & Le 62,000\end{array}\) The value of goodwill calculated at 3 years purchase of annual profit is A. Le 450,000 B. Le 150,000 C. Le 50,000 D. Le 48,000 |
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