Waec Accounting Past Questions For Year 1999
Question 1
Errors in the ledger can be corrected through
- A. journal proper
- B. sales day book
- C. purchases day book
- D. control account
Question 2
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} & 1,250 \\ \text{Cash received from debtors} & 6,000 \\ \text{Bad debt written off} & 750 \\\ \text{Discount allowed} & 500 \\ \text{Discount received} & 125\end{array}\)
What was the amount of sales for the year?
- A. N8,500
- B. N6,625
- C. N6,500
- D. N6,000
Question 3
Carriage outwards is charged to
- A. trading account
- B. appropriation account
- C. purchases account
- D. profit and loss account
Question 4
Carriage outwards is charged to
- A. credited to the trading account
- B. debited to the profit and loss account
- C. credited to the profit and loss account
- D. credited to the appropriation account
Question 5
Discount received is
- A. credited to the trading account
- B. debited to the Profit and Loss Account
- C. credited to the Profit and Loss Account
- D. credited to the Appropriation Account
