WAEC Accounting Past Questions & Answers - Page 136

676.

The document evidencing a disbursement of government fund is known as

A.

Bill

B.

Invoice

C.

Till book

D.

Payment voucher

E.

Local purchase order

Correct answer is D

No explanation has been provided for this answer.

677.

The authorized share capital of a limited liability company is the number of shares

 

A.

Offered for sale

B.

Called up

C.

Approved in the memorandum of association

D.

Subscribed

E.

Paid up

Correct answer is C

No explanation has been provided for this answer.

679.

Which of the following is in the personal Ledger?

A.

Discount allowed account

B.

Interest received account

C.

Cash sales account

D.

Debtors account

E.

Assets account

Correct answer is D

No explanation has been provided for this answer.

680.

Discount allowed is a charge to

A.

Trading account

B.

Balance sheet

C.

Profit and loss account

D.

Profit and loss appropriation account

E.

Current account

Correct answer is C

No explanation has been provided for this answer.