WAEC Accounting Past Questions & Answers - Page 306

1,526.

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu

A.

Debit cash account, credit Abu's account

B.

Debit Abu's account, credit cash account

C.

Debit Abu's account, credit cash account

D.

Debit sales account, credit cash account

Correct answer is B

No explanation has been provided for this answer.

1,527.

Which of the following is debited to partner's current account?

A.

Capital

B.

Interest on capital

C.

Drawings

D.

Share of profit

Correct answer is C

No explanation has been provided for this answer.

1,528.

A medium of imputing data into the computer is through the use of the

A.

Keyboard

B.

Monitor

C.

Software

D.

Hardware

Correct answer is A

No explanation has been provided for this answer.

1,529.

Which of the following is a self-balancing account?

A.

Capital

B.

Interest on capital

C.

Drawings

D.

Share of profit

Correct answer is D

No explanation has been provided for this answer.

1,530.

Hardware in data processing refers to

A.

Programs runs on the computer

B.

Entry and storage of information on computer

C.

Microsoft disc operating system

D.

Mechanical components of the computer

Correct answer is D

No explanation has been provided for this answer.