Waec Accounting Past Questions For Year 2022
Question 21
Use the following information to answer questions below| $ | |
| Cash book balance (credit) | 750 |
| Uncredited cheques | 500 |
| Unpresented cheques | 1680 |
| Direct credit | 300 |
| Bank charges | 150 |
- A. $ 600 Cr
- B. $ 300 Cr
- C. $ 900 Cr
- D. $ 1,200 Cr
Question 22
The sales ledger contains accounts of
- A. cash sales
- B. trade debtors
- C. credit sales
- D. trade creditors
Question 23
Use the following information to answer questions below
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%.
Teteh's share of profit is
- A. #60,000
- B. #90,000
- C. #75,000
- D. #50,000
Question 24
The document prepared by the buyer and sent to the seller listing the items to be supplied is
- A. purchase order
- B. credit note
- C. proforma invoice
- D. sales order
Question 25
Drawings made by a partner would be
- A. credited to current account
- B. credited to appropriation account
- C. debited to appropriation account
- D. debited to current account
