Waec Accounting Past Questions For Year 2022
Question 11
An increase in provision for doubtful debts would result in
- A. decrease in net profit
- B. increase in net profit
- C. decrease in gross profit
- D. increase in gross profit
Question 12
A unit of a company capital is?
- A. debenture
- B. stock
- C. premium
- D. share
Question 13
Revenue expenditure of a local government includes purchase of
- A. x-ray machine
- B. incubators
- C. drugs
- D. theatre equipment
Question 14
Use the information to answer questions below| Years | Current Assets | Liabilities | Fixed Assets | Capital |
| # | # | # | # | |
| 2018 | 52550 | 78600 | 127450 | X |
| 2017 | 41650 | 53220 | Y | 116780 |
- A. #170,000
- B. #128,350
- C. #94,870
- D. #211,650
Question 15
Use the information to answer questions below| Years | Current Assets | Liabilities | Fixed Assets | Capital |
| # | # | # | # | |
| 2018 | 52550 | 78600 | 127450 | X |
| 2017 | 41650 | 53220 | Y | 116780 |
- A. #78,600
- B. #180,000
- C. #101,400
- D. #258,600
