WAEC Accounting Past Questions & Answers - Page 293

1,462.

In a not for profit making organization, the excess of income over expenditure is

A.

Added to capital

B.

Added to accumulated fund

C.

Deduced from capital

D.

Deducted from accumulated fund

Correct answer is B

No explanation has been provided for this answer.

1,463.

Programs installed in computers to facilitate processing of data are

A.

Hardwares

B.

Software

C.

Magnetic tapes

D.

Diskettes

Correct answer is B

No explanation has been provided for this answer.

1,464.

The document making a public offer for he sale of a company's share is

A.

Memorandum of association

B.

Articles of association

C.

Prospectus

D.

Certificate of registration

Correct answer is C

No explanation has been provided for this answer.

1,465.

The purchase of a typewriter for office use for ₦2,000 is debited to

A.

Creditors

B.

Bank account

C.

Purchases account

D.

Equipment account

Correct answer is D

No explanation has been provided for this answer.