WAEC Accounting Past Questions & Answers - Page 189

941.

The main classes of shares are

A.

Preference shares and roghts issue

B.

Fixed shares and current share

C.

Ordinary shares and preference shares

D.

Redeemable shares and Irredeemable shares

Correct answer is C

No explanation has been provided for this answer.

942.

Dividend proposed by a company is shown in its Balance Sheet as

A.

Current asset

B.

Current liability

C.

Long-term liability

D.

Fixed asset

Correct answer is B

No explanation has been provided for this answer.

943.

Company tax paid is debited to

A.

Profit and loss appropriation

B.

Manufacturing account

C.

Profit and loss account

D.

Trading account

Correct answer is A

No explanation has been provided for this answer.

944.

Which of the following is not an externally visible part of a computer?

A.

Central processing unit

B.

Microchip

C.

Monitor

D.

Keyboard

Correct answer is B

No explanation has been provided for this answer.

945.

The document which advertises the sale of shares of a company is a/an

A.

Prospectus

B.

Debenture

C.

Statement

D.

Invoice

Correct answer is A

No explanation has been provided for this answer.