WAEC Accounting Past Questions & Answers - Page 230

1,148.

An account is said to have a debit balance because

A.

The first entry made in it is on its debit side

B.

There are more entries on the debit side than on the credit side

C.

Total value of debit entries is more than total value of credit entries

D.

There is no entry at all on the debit side

Correct answer is C

No explanation has been provided for this answer.

1,149.

The accounting entry for depreciation at the end of each year is to debit

A.

Provision for depreciation account and credit machinery account

B.

Provision for depreciation account and credit profit and loss account

C.

Trading account and credit provision for depreciation account

D.

Manufacturing account and credit provision for depreciation account

Correct answer is A

No explanation has been provided for this answer.

1,150.

The vote book in Public Sector Accounting is used to

A.

Register the names of voters

B.

Control expenditure

C.

Control government policy

D.

Record revenue accuring to the government

Correct answer is B

No explanation has been provided for this answer.