Waec Accounting Past Questions For Year 2013
Question 21
Cash receipts and payments involving discounts are entered in
- A. three-column cash book
- B. two-column cash book
- C. analytical cash book
- D. petty cash book
Question 22
Use the following information to answer the question given
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{Creditor} & 2,495 & 2,285\\ \text{Debtors} & 1,215 & 2,145 \\ \text{Cash paid to creditors} & - & 32,170\\ \text{Cash received from customers} & - & 40,650\\ \text{Goods returned to suppliers} & - & 500\end{array}\)
Sales for the year is
- A. D42,795
- B. D41,865
- C. D41,580
- D. D39,720
Question 23
Use the following information to answer the question given
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{Creditor} & 2,495 & 2,285\\ \text{Debtors} & 1,215 & 2,145 \\ \text{Cash paid to creditors} & - & 32,170\\ \text{Cash received from customers} & - & 40,650\\ \text{Goods returned to suppliers} & - & 500\end{array}\)
Purchases for the year is
- A. D32,880
- B. D32,780
- C. D32,460
- D. D31,960
Question 24
In departmental accounts, administrative expenses are recorded in the
- A. trading account
- B. balance sheets
- C. profit and loss account
- D. profit and loss appropriation account
Question 25
Which of following is a recurrent expenditure in public sector accounting?
- A. purchase of vehicles
- B. purchase of drugs
- C. construction of bore holes
- D. construction of buildings
