Waec Accounts - Principles of Accounts 2011 Past Questions and Answers

Question 36:

• WAEC 2011

computer memory sizes are measured in

A. Kilometers
B. Kilowatts
C. Kilobytes
D. Centimetres

Question 37:

• WAEC 2011

Rent owed by a department is treated in the Balance sheet as

A. Asset of the business
B. Asset of the department
C. Liability of the business
D. Liability of the department

Question 38:

• WAEC 2011

When shares are issued to the public and the issuing company has not requested for payments, it is referred to as

A. Authorized capital
B. Paid-up capital
C. Uncalled capital
D. Unissued capatal

Question 39:

• WAEC 2011

The diagrammatic representation of the workings of the computer program is

A. Flow chart
B. Desktop
C. Keyboard
D. Byte

Question 40:

• WAEC 2011

Use the following information to answer the given question.
OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT
\(\begin{array}{c|c} & D & & D \\ \text{Balance b/d} & 25,180 & \text{Discount allowed} & 1,936 \\ \text{Sales} & 43,220 & \text{Sales returns} & 1,884\\ \text{Dishonored cheque} & 542 & \text{Cash received from customers} & xxx \\ & & \text{Balance c\d} & 5,122 \\ & \overline{68,942} & & \overline{68,942} \end{array}\)
Net sales is

A. D41,878
B. D41,336
C. D41,284
D. D39,400