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Accounting Past Questions

Study and practice Accounting past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

44 questions JAMB 1611 WAEC 1757 CUSTOM 2

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Past Questions

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Question 21

waec 1992

The accounting equation is

Aassets and liabilities amount to capital

Bcapital less assets amounts to liabilities

Casseta less liabilities amount to capital

Dcapital and assets amounts to liability

Efixed assets and current liabilities amount to capital

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Question 22

waec 1992

In a manufacturing company, wages paid to operatives increase the value of

Aurnover

Bprime cost

Cgross profit

Doverhead cost

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Question 23

waec 1992

In which of the following books will trade discount be recorded?

Acash book

Bgeneral ledger

Cpurchases day book

Dinvoices

Ejournal voucher

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Question 24

waec 1992

Which of the following will a supplier send to a customer whose invoice was undercast?

Ainvoice

Bdebit note

Ccresit note

Dcheque

Epayment voucher

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