Waec Accounting Past Questions For Year 2013
Question 36
A set of instrument or programs which controls the operation of a computer is
- A. software
- B. hardware
- C. monitor
- D. keyboard
Question 37
Which of the following is not part of prime cost of production?
- A. depreciation of factory equipment
- B. direct expenses
- C. direct wages
- D. carriage on raw materials
Question 38
Upon the dissolution of partnership business, the party to be settled first out of the proceeds realized is
- A. unsecured creditors
- B. partner's loan and advances
- C. secured creditors
- D. partners' capital
Question 39
The basic assumption which underline the preparation of periodic financial statement is known as accounting
- A. bases
- B. techniques
- C. concepts
- D. method
Question 40
Which of the following relates to the essence of partnership? To
- A. run a charity organization
- B. pursue a social objective
- C. form a business for profit
- D. run a religious objective
