WAEC Past Questions and Answers - Page 1136

5,676.

When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately

A.

On pro-rate

B.

At discount

C.

At par

D.

At premium

Correct answer is A

No explanation has been provided for this answer.

5,677.

Simplify \((1 + 2\sqrt{3})^{2} - (1 - 2\sqrt{3})^{2}\)

A.

0

B.

\(8\sqrt{3}\)

C.

13

D.

\(2 - 4\sqrt{3}\)

Correct answer is B

\((1 + 2\sqrt{3})^{2} = 1 + 4\sqrt{3} + 12 = 13 + 4\sqrt{3}\)

\((1 - 2\sqrt{3})^{2} = 1 - 4\sqrt{3} + 12 = 13 - 4\sqrt{3}\)

\(13 + 4\sqrt{3} - (13 - 4\sqrt{3}) = 13 + 4\sqrt{3} - 13 + 4\sqrt{3}\)

= \(8\sqrt{3}\) 

5,678.

The document authorising an officer to incur expenditure is known as

A.

Virement

B.

Budget

C.

Warrant

D.

Vote

Correct answer is C

No explanation has been provided for this answer.

5,679.

The total of the purchases day book is posted to the purchases account in the

A.

Purchases ledger

B.

General ledger

C.

Private ledger

D.

Nominal ledger

Correct answer is B

No explanation has been provided for this answer.

5,680.

The capital sum which represents the difference between he asset and liabilities of a society or club is

A.

Working capital

B.

Accumulated fund

C.

Consolidated fund

D.

Reserved capital

Correct answer is B

No explanation has been provided for this answer.