Waec Accounts - Principles of Accounts Past Questions and Answers

Question 271:

• WAEC 1994

Drawing appear on the

A. Debit side of the profit and loss account
B. Credit side of te profit and loss account
C. Debit side of the appropriation account
D. Debit side of the current account
E. Credit side of the appropriation account

Question 272:

• WAEC 1994

Sale of goods for N500 to Eddy was not posted. This is an error of

A. Omission
B. Compensation
C. Commission
D. Principle
E. Ordinary entry

Question 273:

• WAEC 1994

Purchase of goods for N1,000 from chukwu had been entered in Cukwura's account. This is an error of

A. Omission
B. Compensation
C. Commission
D. Principle
E. Original entry

Question 274:

• WAEC 1994

A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a

A. Omission
B. Compensation
C. Commission
D. Principle
E. Original entry

Question 275:

• WAEC 1994

Goods purchased for N92 was entered in the books as N29. This is an error of

A. Compensation
B. Omission
C. Commission
D. Principle
E. Original entry