Waec Accounts - Principles of Accounts Past Questions and Answers

Question 961:

• 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 962:

• 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 963:

• 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 964:

• 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

Question 965:

• WAEC 2009

The purchase of a typewriter for office use for ₦2,000 is debited to

A. Creditors
B. Bank account
C. Purchases account
D. Equipment account