Waec Accounting Past Questions For Year 2001
Question 26
Which of the following serve as the main Government Fund used to service all operations of the government?
- A. General fund
- B. consolidated revenue fund
- C. consolidated reserve fund
- D. special fund
Question 27
The Chief accounting officer of the federation is
- A. Minister of Finance
- B. Auditor General
- C. Accountant general
- D. chief accountant
Question 28
The excess of current assets over current liabilities is
- A. authourised share capital
- B. working capital work
- C. loan capital
- D. called-up capital
Question 29
Shares sold at the nominal value are issued at
- A. a discount
- B. a premium
- C. a loss
- D. par
Question 30
Sale of goods for N600 to Ade was not posted, This is an error of
- A. omission
- B. commission
- C. principle
- D. compensation
