Waec Accounts - Principles of Accounts 2009 Past Questions and Answers

Question 46:

• WAEC 2009

A medium of imputing data into the computer is through the use of the

A. Keyboard
B. Monitor
C. Software
D. Hardware

Question 47:

• WAEC 2009

Which of the following is debited to partner's current account?

A. Capital
B. Interest on capital
C. Drawings
D. Share of profit

Question 48:

• WAEC 2009

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu

A. Debit cash account, credit Abu's account
B. Debit Abu's account, credit cash account
C. Debit cash account, credit sales account
D. Debit sales account, credit cash account,

Question 49:

• WAEC 2009

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, Abu's balance at the end of the month is

A. ₦30,505 cr.
B. ₦9,505 cr.
C. ₦9,505 dr.
D. ₦30,500 dr.

Question 50:

• WAEC 2009

A debenture holder is a

A. Creditor
B. Promoter
C. Debtor
D. Shareholder