WAEC Accounting Past Questions & Answers - Page 148

736.

Which of the following does not belong to the group?

A.

Plant and machinery

B.

Stock

C.

Goodwill

D.

Preliminary expenses

E.

Overdraft

Correct answer is E

No explanation has been provided for this answer.

737.

Which of the following is the most liquid?

A.

Land and buildings

B.

Cash at bank

C.

Machinery

D.

Goodwill

E.

Furnitures and fittings

Correct answer is B

No explanation has been provided for this answer.

738.

Interest on Johnson's drawing is

A.

N500

B.

N300

C.

N200

D.

N150

E.

N100

Correct answer is B

No explanation has been provided for this answer.

739.

Which of the following does not belong to the group?

A.

Discount allowed

B.

Salaries and wages

C.

Sundry expenses

D.

Rates and rent

E.

Return inwards

Correct answer is E

No explanation has been provided for this answer.

740.

The amount of individual items on a government budget is called

A.

A vote

B.

A deposit

C.

A investment

D.

A loan

E.

A grant

Correct answer is A

No explanation has been provided for this answer.