WAEC Accounting Past Questions & Answers - Page 255

1,271.

Which of the following is not a purpose for preparing departmental accounts? To

A.

Compare the results of different departments

B.

Employ staff into different departments

C.

Reward departmental managers

D.

Obtain information for formulating policies

Correct answer is B

No explanation has been provided for this answer.

1,274.

Which of the following is a journal as well as an account?

A.

Sales day book

B.

Cash book

C.

General journal

D.

Purchases journal

Correct answer is C

No explanation has been provided for this answer.

1,275.

Where the head office maintains all books of account, goods sent to branch is credited to

A.

Goods sent to branch account

B.

Branch stock account

C.

Branch stockk adjustment account

D.

Head office current account

Correct answer is A

No explanation has been provided for this answer.