Waec Accounting Past Questions For Year 2022
Question 36
The principal book of account where accounts are classified and summarized is
- A. balance sheet
- B. ledger
- C. trial balance
- D. journal
Question 37
Books of accounts are opened by the use of
- A. balance sheet
- B. general ledger
- C. general journal
- D. trial balance
Question 38
One of the items on the debit side of sales ledger control account is
- A. bad debt
- B. returns inwards
- C. bills dishonored by debtors
- D. bills accepted by debtors
Question 39
Use the following information to answer questions below Trading Account of Umeh Enterprises for the year ended 31st December 2019| GH⊄ | GH⊄ | ||
| Opening stock | 10000 | Sales | 200000 |
| Purchases | 120000 | Less: | (4000) |
| 130000 | 196000 | ||
| Closing stock | (22800) | ||
| Cost of goods sold | ----- | ||
| Gross profit | ------ | ||
| 196000 | 196000 |
- A. carriage outwards
- B. carriage inwards
- C. returns outwards
- D. returns inwards
Question 40
Use the following information to answer questions below Trading Account of Umeh Enterprises for the year ended 31st December 2019| GH⊄ | GH⊄ | ||
| Opening stock | 10000 | Sales | 200000 |
| Purchases | 120000 | Less: | (4000) |
| 130000 | 196000 | ||
| Closing stock | (22800) | ||
| Cost of goods sold | ----- | ||
| Gross profit | ------ | ||
| 196000 | 196000 |
- A. GH⊄ 88,800
- B. GH⊄ 43,200
- C. GH⊄ 152,800
- D. GH⊄ 107,200
