WAEC Accounting Past Questions & Answers - Page 247

1,232.

Which of the following is not an input device?

A.

Diskette

B.

Card

C.

Keyboard

D.

Printer

Correct answer is D

No explanation has been provided for this answer.

1,233.

Cash discount received is shown in the
i. Cash 
ii. Discount Received Account 
iii. Supplier's Account

A.

i and ii

B.

ii and iii

C.

i and iii

D.

i, ii and iii

Correct answer is D

No explanation has been provided for this answer.

1,234.

Partner's interest on capital is shown in the

A.

Profit and loss account

B.

Partners Fixed Capital account

C.

Profit and loss Appropriation

D.

Trading account

Correct answer is C

No explanation has been provided for this answer.

1,235.

A trader paid N15,000 on rent for 15 months but charged N12,000 to the Profit and Loss account for the year. This is the concept of

A.

Accrual

B.

Materiality

C.

Prudence

D.

Going-concern

Correct answer is A

No explanation has been provided for this answer.