WAEC Accounting Past Questions & Answers - Page 262

1,306.

The manufacturing account is prepared to determine the cost of

A.

Trading

B.

Production

C.

Factory overhead

D.

Raw materials

Correct answer is B

No explanation has been provided for this answer.

1,307.

Which of the following is not an instrument for controlling public expenditure?

A.

Constitution

B.

Financial regulation

C.

Budget

D.

Memorandum

Correct answer is D

No explanation has been provided for this answer.

1,308.

Which of the following is a norminal account?

A.

Bank account

B.

Cash account

C.

Sales account

D.

Stock account

Correct answer is C

No explanation has been provided for this answer.

1,309.

Trade creditors personal accounts are found in the

A.

Purchases ledger

B.

Sales ledger

C.

General ledger

D.

Sales day book

Correct answer is A

No explanation has been provided for this answer.

1,310.

Which of the following is a storage device?

A.

Diskette

B.

Key board

C.

Printer

D.

Monitor

Correct answer is A

A floppy disk, also known as a floppy, diskette, or simply disk, is a type of disk storage composed of a disk of thin and flexible magnetic storage medium, sealed in a rectangular plastic enclosure lined with fabric that removes dust particles.