Waec Accounts - Principles of Accounts Past Questions and Answers

Question 1106:

• WAEC 2012

Rent accrued in 2009 was D140, in 2010, D900 was paid while D160 was outstanding. Rent for 2010 was

A. D1,200
B. D1,060
C. D920
D. D880

Question 1107:

• WAEC 2012

Which of the following is not an input device?

A. Card reader
B. Paper top reader
C. Alpha-numeric keyboard
D. Line partnership

Question 1108:

• WAEC 2012

The equivalent of income and expenditure account in a trading concern is

A. Trading account
B. Profit and loss account
C. Appropriation account
D. Balance sheet

Question 1109:

• WAEC 2012

The term used to denote the capital of a not-for-profit making organization is

A. Annuity fund
B. Nominal capital
C. Circulating capital
D. Accumulated fund

Question 1110:

• WAEC 2012

The portion of authorized capital that has been allotted to subscribers

A. Called up capital
B. Paid up capital
C. Issued capital
D. Nominal capital