Waec Accounts - Principles of Accounts 2008 Past Questions and Answers

Question 46:

• WAEC 2008

Which of the following is a storage device?

A. Diskette
B. Key board
C. Printer
D. Monitor

Question 47:

• WAEC 2008

Trade creditors personal accounts are found in the

A. Purchases ledger
B. Sales ledger
C. General ledger
D. Sales day book

Question 48:

• WAEC 2008

Which of the following is a norminal account?

A. Bank account
B. Cash account
C. Sales account
D. Stock account

Question 49:

• WAEC 2008

Which of the following is not an instrument for controlling public expenditure?

A. Constitution
B. Financial regulation
C. Budget
D. Memorandum

Question 50:

• WAEC 2008

Use the following to answer the given question
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditors} & 30,000 \\ \text{Credit sales} & 100,000\\ \text{Credit purchases} & 80,000 \\ \text{Bad debts}& 5,500\\ \text{Set-offs} & 65,500\end{array}\)
Closing debtors figure is

A. ₦140,000
B. ₦134,500
C. ₦80,000
D. ₦69,000