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Which of the following is not a debit entry in the Bought Ledger?
Acash
Bdiscount received
Cpurchases
Dreturns outeards
Ebills payable
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Question 693
waec1996
A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called
Ashare certificate
Bpreference certificate
Cdebenture certificcate
Dallotment certificate
Ecall certificate
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Question 694
waec1996
Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?
Areserved expenditure warrant
Bprovisional general warrant
Ccontigncie warrant
Dsupplementary general warrant
Evirement warrant
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Question 695
waec1996
Which of the following is used before the appropriation bill is approved?
Asupplementary general warrant
Bprovisional general warrant
Creserved expenditure warrant
Dvirement warrant
Esupplementary statutory expenditure warrant
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Question 696
waec1996
The portion of the authorizes capital which has been allotted to members is
Auncalld capital
Bpaid-up capital
Cissued capital
Dauthorized capital
Eunissued capital
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Question 697
waec1996
Which of the following does not belong to the group?
Afurniture and fittings
Bplant and machinery
Cbuilding
Ddebtors
Egeneral reserve
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Question 698
waec1996
The cash realized from the sale of asset on dissolution of partnership is
Adebited to cash account and credit to asset account
Bcredited to cash account and debited to asset account
Cdebited to cash account and credited realisation account and credited to realisation account
Dcredited to cash account and debited to realisation account
Edebited to realisation account abnd credited to asset account
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Question 699
waec1996
Which of the following is a charge against profit?
Aordinary dividend
Bgeneral reserve
Cpreference dividend
Ddebenture interest
Erevenue reserve
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Question 700
waec1996
Impersonal Accounts contain
Areal and cash accounts
Bcapital and nominal accounts
Creal and normal accounts
Dinvestment and real accounts
Einterest received and real account
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Question 701
waec1996
Which of the following does not appear in a bank statement?
Adividend received on behalf of customers
Bbank charges
Cinsurance premium paid on behalf of customers
Ddishonoured cheques
Euncredited charges
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Question 702
waec1996
Discount received is shown in the
Acredit side of sales ledger balances
Bdebit side f bought ledger balances
Ccredit side of bought ledger balances
Ddebit side of sales ledger balances
Esales ledger balances as contra entry
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Question 703
waec1996
Which of the following is not charged to Manufacturing Account?
Araw materials
Bfactory's wages
CDistribution expenses
Droyalties
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Question 704
waec1996
A payment of N150 to a credit
Aan increase in assets only
Ba reduction of assets only
Ca reduction in assets and liabilities
Dan increase in assets and liabilities
Ea reduction in the bank account
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Question 705
waec1996
Which of the following are examples of Nominal account?
Aland and insurance
Bcash and interest
Cbuilding and cash
Dmachinery and wages
Erent and discount
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Question 706
waec1996
The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. Bad debts is
AN910
BN650
CN637
DN377
EN260
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Question 707
waec1996
The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. What is the provision for doubtful debts?
AN910
BN650
CN637
DN377
EN260
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Question 708
waec1996
The person who has applied for shares in a company is called
Aallotee
Bsubscriber
Cpromoter
Dshareholder
Eapplicant
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Question 709
waec1996
Which of the following is no part of prime cost of production?
