Waec Accounting Past Questions For Year 2013
Question 31
Use the following information to answer the given question
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120,000\\ \text{Salaries} & 60,000\\ \text{Maintenance of vehicles} & 49,000 \\ \text{Park collections} & 100,000\end{array}\)
The total expenditure for the period is
- A. Le 319,000
- B. Le 270,000
- C. Le 139,000
- D. Le 109,000
Question 32
Use the following information to answer the given question
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120,000\\ \text{Salaries} & 60,000\\ \text{Maintenance of vehicles} & 49,000 \\ \text{Park collections} & 100,000\end{array}\)
The balance at the end of the period is
- A. Le 270,000
- B. Le 139, 000
- C. Le 131,000
- D. Le 120,000
Question 33
The public account committee is an organ of
- A. military regime
- B. parliament regime
- C. precidency
- D. councilors
Question 34
When the going concern concept is no longer applicable, the fixed assets are recorded at their
- A. net book value
- B. realizable value
- C. gross value
- D. revalued amount
Question 35
The process of detecting, tracing and eliminating errors in a computer program is
- A. reproduction
- B. debugging
- C. sorting
- D. retrieving
