WAEC Accounting Past Questions & Answers - Page 207

1,031.

Which of the following is the memory part that is available for use by the computer user?

A.

Bits

B.

RAM

C.

Data

D.

ROM

Correct answer is B

No explanation has been provided for this answer.

1,032.

The class of shareholders who are paid last in the event of wedding-up are

A.

Ordinary

B.

Preference

C.

Founder

D.

Treasury

Correct answer is A

No explanation has been provided for this answer.

1,033.

Which of the following is does not relate to a non-for-profit-making organization?

A.

Balance sheet

B.

Receipt and payment account

C.

Ledger Accounts

D.

Profit and Loss Account

Correct answer is D

No explanation has been provided for this answer.

1,034.

A class of preference shares in which dividend rights are carried forward is

A.

cumulative

B.

participating

C.

redeemable

D.

floating-rate

Correct answer is A

No explanation has been provided for this answer.

1,035.

Goodwill is taken into account in partnership when

A.

the business has good customer relations

B.

the business is making huge profit

C.

a new partner is admitted

D.

a parner becomes dormant

Correct answer is C

No explanation has been provided for this answer.