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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

44 questions

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Question 21

waec 2010

A ledger is a

Aprincipal book of accounts

Bbook of original entry

Crecord of credit transactions

Dsummary of entries

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Question 22

waec 2010

Which of the following is the reason why a seller allows a customer cash discount?

Aagreement to become a regular customer

Bintroducing a new customer to the seller

Csettlement of account within a stated period

Dplacing a larger order

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Question 23

waec 2010

A trial balance is prepared to

Adetect fraud

Bascertain losses in a trading period

Cdetermine opening capital

Dtest arithmetical accuracy of ledger entries

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Question 24

waec 2010

Which of the following is not an external user of accounting information?

Amanagement

Bcreditors

Cshareholders

Dgovernment

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