Waec Accounts - Principles of Accounts Past Questions and Answers

Question 681:

• WAEC 2003

Which of the following errors would affect the agreement of the agreement of the trial balance totals?

A. Commission
B. Omission
C. Single entry
D. Original entry

Question 682:

• WAEC 2003

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was

A. N5,000
B. N2,250
C. N2,000
D. N1,750

Question 683:

• WAEC 2003

Which of the following items is found in the credit column of the trial balance?

A. Provision for doubtful debts
B. Bad debts written off
C. Carriage inwards
D. Carriage outwards

Question 684:

• WAEC 2003

Which of the following is not a source document?

A. Cheque stub
B. Cash receipt
C. Cash receipt
D. Cas book

Question 685:

• WAEC 2003

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200 \\ \text{Bank charged} & 300 \\ \text{Unpresented cheques} & 2,400\end{array}\)
The adjusted cash book balance is

A. ₦18,900
B. ₦18,000
C. ₦17,700
D. ₦16,500