Waec Accounts - Principles of Accounts 2009 Past Questions and Answers

Question 16:

• WAEC 2009

A three column cash book contains column for

A. Cash, assets and liabilities
B. Bank, cash and assets
C. Cash, bank and return
D. Dscount, cash and bank

Question 17:

• WAEC 2009

The total debtors account of trading concern is N13,000. out of this 2% is irrecoverable, 5% of the balance is not like to be collected. What is the provision for doubtful debts?

A. N910
B. N650
C. N637
D. N260

Question 18:

• WAEC 2009

Which of the following is not part of factory overhead?

A. Factory salaries
B. Factory lighting and heating
C. Depreciation of plant and machinery
D. Depreciation of fixtures and fixing

Question 19:

• WAEC 2009

Cost of extension to a factory building is classified as

A. Capital receipt
B. Revenue expenditure
C. Capital expenditure
D. Revenue receipt

Question 20:

• WAEC 2009

Which of the following does not appear in a bank statement?

A. Dividend received
B. Bank charges
C. Uncredited cheques
D. Dishonoured cheques