WAEC Accounting Past Questions & Answers - Page 335

1,671.

A debenture is

A.

A loan capital raised by a company

B.

Money gives to a company as a gift

C.

Accuerd expenses

D.

Share capital

Correct answer is A

No explanation has been provided for this answer.

1,672.

Which of the following is not a book of original entry?

A.

Cash book

B.

Purchases ledger returns

C.

Returns outwards journal

D.

General journal

Correct answer is B

No explanation has been provided for this answer.

1,673.

A petty cashier received a float of GHC 84. The imprest is

A.

GHC 204

B.

GHC 120

C.

GHC 84

D.

GHC 36

Correct answer is D

No explanation has been provided for this answer.

1,674.

A dishonored cheque is

A.

Debited in cash book

B.

Credited in the cash book

C.

Double entry in the cash book

D.

Credited in the bank book

Correct answer is A

No explanation has been provided for this answer.

1,675.

The order of financial accounting process involves i. recording ii. presenting iii. collecting iv. analyzing

A.

i, ii, iii and iv

B.

ii, iii, i and iv

C.

iii, i, ii and iv

D.

iv, iii, ii and iv

Correct answer is C

No explanation has been provided for this answer.