Waec Accounting Past Questions For Year 1999
Question 46
Purchases of goods from Obi had been entered in Obike's Account. This is an error of
- A. omssion
- B. compensation
- C. commission
- D. original entry
Question 47
When a shareholder fails to pay the calls requested from him, this situation leads to
- A. forfeiture of shares
- B. bonus shares
- C. over-subscription
- D. right issues
Question 48
Which of the following is nit a petty cash book item? purchase of
- A. machinery
- B. stamps
- C. office pins
- D. milk
Question 49
Into how many major types can general purpose computers be classified?
- A. six
- B. five
- C. four
- D. three
Question 50
A sale of goods to audu was not posted. This is an error of
- A. omission
- B. compensation
- C. commission
- D. principle
