Waec Accounting Past Questions For Year 2001
Question 21
Which of the following are correct about a limited liability company? i. Members have power to bind the company ii. Perpetual succession iii. Certificate of incorporation iv. Wound-up on death of a share holder
- A. ii and iii only
- B. i and iv only
- C. ii and iv ony
- D. i and iii only
Question 22
Issue of prospectus is an invitation to members of the public to
- A. subscribe for shares
- B. register a company
- C. redeem shares
- D. liquidate a company
Question 23
Which of the following is not an intangible asset?
- A. Liancence
- B. patents
- C. trademarks
- D. fixtures
Question 24
The expenditure on a good or service which is consumed either immediately or within a current accounting government?
- A. annual expenditure
- B. budgetary expenditure
- C. capital expenditure
- D. recurrent expenditure
Question 25
Which of the government serves as an input, storage and output device of a computer?
- A. diskette
- B. keyboard
- C. monitor
- D. printer
