Waec Accounting Past Questions For Year 2022
Question 1
Use of following information to answer questions below| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank overdraft | 280000 |
| Creditors | 21500 |
- A. D 65,850
- B. D 367,350
- C. D 345,850
- D. D 87,850
Question 2
Use of following information to answer questions below| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank overdraft | 280000 |
| Creditors | 21500 |
- A. D 867,350
- B. D 544,350
- C. D 264,350
- D. D 832,350
Question 3
Use the following information to answer questions below
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
- A. 1/2
- B. 1/5
- C. 2/5
- D. 2/3
Question 4
Use the following information to answer questions below
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The gross profit is
- A. #4,000
- B. #8,000
- C. #12,000
- D. #6,000
Question 5
The user of accounting information who is responsible for overall performance of the business is the
- A. customer
- B. employee
- C. shareholder
- D. director
