WAEC Past Questions and Answers - Page 1208

6,036.

A cash payment of ₦85 to Regina was entered in the books as ₦58. The entries to correct the error are: debit

 

A.

Regina's account ₦27 : credit cash account ₦27

B.

Cash account ₦27 : credit Regina's account ₦27

C.

Regina's account ₦143 : credit cash account ₦143

D.

Cash account ₦143 : credit Regina's account ₦143

Correct answer is A

No explanation has been provided for this answer.

6,038.

The assumption that a business has perpetual existence is recognized by

A.

Entity concept

B.

Periodicity concept

C.

Going-concern concept

D.

Realisation concept

Correct answer is C

No explanation has been provided for this answer.

6,039.

Find the coefficient of \(x^3\) in the binomial expansion of \((3x + 4)^4\) in ascending powers of x

A.

432

B.

194

C.

144

D.

108

Correct answer is A

\((3x + 4)^{4} = ^{4}C_{0}(3x)^{0}(4)^{4} + ^{4}C_{1}(3x)^{1}(4)^{3} + ^{4}C_{2}(3x)^{2}(4)^{2} + ^{4}C_{3}(3x)^{3}(4)^{1} + ^{4}C_{4}(3x)^{4}(4)^{0}\)

\(x^{3} = ^{4}C_{3}(3x)^{3}(4) = \frac{4!}{3!1!} \times 3^{3} \times 4\)

= \(432x^{3}\)

6,040.

Which of the following terms is not used to describe the total amount stated in the memorandum of association approved by the registrar of companies?

A.

Authorized capital

B.

Registered capital

C.

Issued capital

D.

Nominal capital

Correct answer is D

No explanation has been provided for this answer.