WAEC Accounting Past Questions & Answers - Page 285

1,421.

The art of collecting, recording, presenting and interpreting accounting data is

A.

Cost accounting

B.

Management accounting

C.

Financial accounting

D.

Data processing

Correct answer is C

No explanation has been provided for this answer.

1,422.

Which of the following is a source of revenue to a local government authority?

A.

Poll tax

B.

Excise duty

C.

Paid tax

D.

Value added tax

Correct answer is A

No explanation has been provided for this answer.

1,423.

Which of the following attracts a fixed rate of dividend?

A.

Ordinary shares

B.

Founders shares

C.

Preference shares

D.

Deferred shares

Correct answer is C

No explanation has been provided for this answer.

1,424.

An example of capital gain s

A.

premium

B.

bonus

C.

shares

D.

debenture

Correct answer is A

No explanation has been provided for this answer.

1,425.

Which of the following is not a real account?

A.

building account

B.

motor vehicle account

C.

patents account

D.

furniture account

Correct answer is C

No explanation has been provided for this answer.