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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.

52 questions JAMB 1611 WAEC 1757 CUSTOM 2
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Past Questions

52 questions
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Question 1 of 12 52 total questions
Question 21
waec 2003
Which of the following is the basis for apportioning rent among departments?
Asales
Bfloor area
Cnumber of employees
Ddirect labour cost
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Question 22
waec 2003
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Dividend per ordinary share is
AN1.00
BN0.50
CN0.45
DN0.40
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Question 23
waec 2003
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Preference dividend for the year is
AN20,000
BN10,500
CN10,000
DN7,500
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Question 24
waec 2003
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
The amount available as dividend to ordinary shareholders is
AN75,000
BN65,000
CN55,000
DN52,500
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Question 25
waec 2003
Patient and trade marks are classified under
Aintangible assets
Bcurrent assets
Cfixed assets
Dwasting assets
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Question 26
waec 2003
The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is
Aapportionment
Bvirement
Cappropriation
Dallocation
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Question 27
waec 2003
Which of the following is the responsibility of a local government?
Aconstructing market stalls
Braising income tax revenue
Cdeveloping highways and tolling them
Ddeveloping major ports for tax purposes
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Question 28
waec 2003
Which of the following is not an externally visible part of a computer?
Acentra processing unit
Bmicrochip
Cmonitor
Dkeyboard
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Question 29
waec 2003
The document which advertises the sale of shares of a company is a/an
Aprospectus
Bdebenture
Cstatement
Dinvoice
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Question 30
waec 2003
The transformation of pieces of information into a more useful format is
Adata processing
Binformation processing
Ccomputerization
Dsystem analysis
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Question 31
waec 2003
A chain store is known as?
Adepartment store
Bmultiple store
Csupermarket
Dhypermarket
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Question 32
waec 2003

An unfavourable balance of trade for a country means that her?

Aimports exceed exports
Bvisible exports exceed invisible import
Cinvisible exports exceed visible exports
Dimports and exports are equal
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