Waec Accounting Past Questions For Year 1998
Question 11
Which of the following has a debit balance? i. calls-in-arrears ii. cash-in-advance iii. share discount
- A. i
- B. ii
- C. iii
- D. ii and iii
Question 12
Which of the following is the personal ledger?
- A. assets account
- B. discount allowed account
- C. sales account
- D. discount received account
- E. debtors account
Question 13
Partners salary is shown in the
- A. trading account
- B. profit and loss account
- C. income and expenditure
- D. profit and loss appropriation account
- E. partner's capital account
Question 14
Which of the following is not a Nominal Account?
- A. electricity account
- B. furnitures and fittings account
- C. postages and telephone account
- D. insurance account
- E. discount allowed account
Question 15
A balance sheet is prepared
- A. for the year ended...........19 x 1
- B. for............19 x 1
- C. as to.............19 x 1
- D. in the year..............19 x 1
- E. up to...........19 x 1
