Waec Accounts - Principles of Accounts 2012 Past Questions and Answers

Question 21:

• WAEC 2012

Rent accrued in 2009 was D140, in 2010, D900 was paid while D160 was outstanding. Rent for 2010 was

A. D1,200
B. D1,060
C. D920
D. D880

Question 22:

• WAEC 2012

Which of the following is not an input device?

A. Card reader
B. Paper top reader
C. Alpha-numeric keyboard
D. Line partnership

Question 23:

• WAEC 2012

The equivalent of income and expenditure account in a trading concern is

A. Trading account
B. Profit and loss account
C. Appropriation account
D. Balance sheet

Question 24:

• WAEC 2012

The term used to denote the capital of a not-for-profit making organization is

A. Annuity fund
B. Nominal capital
C. Circulating capital
D. Accumulated fund

Question 25:

• WAEC 2012

The portion of authorized capital that has been allotted to subscribers

A. Called up capital
B. Paid up capital
C. Issued capital
D. Nominal capital