WAEC Accounting Past Questions & Answers - Page 193

961.

Which of the following documents set out the internal regulations of a partnership?

A.

Law

B.

Deed

C.

Regulation

D.

Code

Correct answer is B

No explanation has been provided for this answer.

962.

Which of the following brings a company into legal existence?

A.

Certificate of incorporation

B.

Memorandum of association

C.

Articles of association

D.

Company law

Correct answer is A

No explanation has been provided for this answer.

963.

Which of the following is the basis for apportioning rent among departments?

A.

Sales

B.

Floor area

C.

Number of employees

D.

Direct labour cost

Correct answer is B

No explanation has been provided for this answer.

964.

The transfer of goods between departments is recorded be debiting

A.

the receiveing department and crediting the giving department

B.

the giving department and crediting the receiving department

C.

stock account and crediting trading account

D.

trading account and crediting purchases account

Correct answer is A

No explanation has been provided for this answer.