Waec Accounts - Principles of Accounts Past Questions and Answers

Question 1046:

• WAEC 2011

When a transaction is completely left out from the books, it is an error of

A. Commission
B. Omission
C. Principle
D. Compensation

Question 1047:

• WAEC 2011

Which of the following is not a subsidiary book?

A. Sales day book
B. Purchases day book
C. General journal
D. Trial balance

Question 1048:

• WAEC 2011

In departmental accounts, rent is appointed on the basis of

A. Purchases
B. Floor area occupied
C. Number of personnel in each department
D. Volume of sales

Question 1049:

• WAEC 2011

Which of the following errors will affect the totals of a trial balance?

A. Compensating error
B. Complete reversal of entry
C. Error in addition
D. Error of original entry

Question 1050:

• WAEC 2011

The document used in government accounting to shoe evidence of cash receipt and payments is the

A. Budget
B. Warrant
C. Vote
D. Voucher