Waec Accounts - Principles of Accounts Past Questions and Answers

Question 696:

• WAEC 2004

Which of the following is both a subsidiary book and a ledger?

A. Sales journal
B. Purchases journal
C. Returns inward book
D. Cash book

Question 697:

• WAEC 2004

Rent receivable account is an example of

A. Nnorminal account
B. Real account
C. Personal account
D. Private account

Question 698:

• WAEC 2004

Which of the following is not a source document?

A. Credit note
B. Invoice
C. Debit note
D. Bank note

Question 699:

• WAEC 2004

Pending the location of an error, the difference disclosed in a trial balance is temporarily treated in

A. Suspense Account
B. Trading account
C. Control account
D. Profit and loss account

Question 700:

• WAEC 2004

Which of the following items is not shown in the Trial Balance

A. Closng stock value
B. Opening stock balance
C. Opening dentors balance
D. Closing asset value