Waec Accounting Past Questions
Question 1636
Use the following information to answer below| GH⊄ | |
| Sales | 200000 |
| Purchase | 170000 |
| Opening stock | 40000 |
| Closing stock | 50000 |
- A. 3.78 times
- B. 3.56 times
- C. 4 times
- D. 3.2 times
Question 1637
Use the following information to answer below| GH⊄ | |
| Sales | 200000 |
| Purchase | 170000 |
| Opening stock | 40000 |
| Closing stock | 50000 |
- A. 10%
- B. 20%
- C. 25%
- D. 15%
Question 1638
Use the following information to answeer questions below
Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
The profit or loss on disposal of the machine was
- A. D 280,000 profit
- B. D 87,480 loss
- C. D 320,000 loss
- D. D 92,680 profit
Question 1639
Use the following information to answeer questions below
Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
The net book value of the machine in the balance sheet as at 31st December 2020 was
- A. D 874,800
- B. D 972,000
- C. D 1,080,000
- D. D 787,320
Question 1640
Use the following information to answeer questions below
Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
The accumulated depreciation as at the date of disposal was
- A. D 480,000
- B. D 325,200
- C. D 320,000
- D. D 412,680
