WAEC Accounting Past Questions & Answers - Page 296

1,477.

A document which acknowledge that a company owes a person a stated sum of money with an agreement to pay a fixed rate of interest periodically is

A.

Share certificate

B.

Allotment certificate

C.

Preference certificate

D.

Debenture certifate

Correct answer is D

No explanation has been provided for this answer.

1,478.

Rent is apportioned each department on the basis of

A.

Area or space occupied

B.

Equality

C.

Turnover

D.

Purchases

Correct answer is A

No explanation has been provided for this answer.

1,479.

Which of the following is not part of the cost of production

A.

Wages of operators

B.

Factory power

C.

Advertising

D.

Cost of raw materials

Correct answer is C

No explanation has been provided for this answer.

1,480.

The reduction in value of an intangible asset is

A.

Depletion

B.

Depression

C.

Amortisation

D.

Appreciation

Correct answer is C

No explanation has been provided for this answer.