Waec Accounts - Principles of Accounts Past Questions and Answers

Question 991:

• WAEC 2009

Which of the following is debited to partner's current account?

A. Capital
B. Interest on capital
C. Drawings
D. Share of profit

Question 992:

• WAEC 2009

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu

A. Debit cash account, credit Abu's account
B. Debit Abu's account, credit cash account
C. Debit cash account, credit sales account
D. Debit sales account, credit cash account,

Question 993:

• WAEC 2009

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, Abu's balance at the end of the month is

A. ₦30,505 cr.
B. ₦9,505 cr.
C. ₦9,505 dr.
D. ₦30,500 dr.

Question 994:

• WAEC 2009

A debenture holder is a

A. Creditor
B. Promoter
C. Debtor
D. Shareholder

Question 995:

• WAEC 2010

Which of the following is not an external user of accounting information?

A. Management
B. Creditors
C. Shareholders
D. Government