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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.

47 questions JAMB 1611 WAEC 1757 CUSTOM 2
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Past Questions

47 questions
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Question 1 of 7 47 total questions
Question 21
waec 2011
When a transaction is completely left out from the books, it is an error of
Acommission
Bomission
Cprinciple
Dcompensation
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Question 22
waec 2011
Which of the following is not recorded in a partnership appropriation account?
Ainterest on capital
Bpartners drawings
Cshare of profit
Dinterest on drawings
View Explanation & Discuss
Question 23
waec 2011
The reduction in value of goodwill is
Aamortization
Bappreciation
Cdepletion
Ddepreciation
View Explanation & Discuss
Question 24
waec 2011
Another name for owner's equity is
Aloan
Bdebtots
Ccapital
Doverdraft
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Question 25
waec 2011
Expenses accured at the end of the accounting year is treated in the balance sheets as
Acurrent assets
Bcurrent liability
Cficed assets
Dlong-term liability
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Question 26
waec 2011
Which of the following is a capital expenditure?
Aextension of building
Brepairs of generator
Cpurchase of stock
Dpurchase of stationery
View Explanation & Discuss
Question 27
waec 2011
The two fundamental books of accounting are
Areturn inwards and outwards
Bjournal and ledger
Cdiscounts allowed and received
Dcredit note and debit note
View Explanation & Discuss
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