WAEC Past Questions and Answers - Page 863

4,311.

The major source of revenue for central/federal government is

A.

Tenement rate

B.

Excise duty

C.

Market toll

D.

Parking roll

Correct answer is B

No explanation has been provided for this answer.

4,312.

The value of goods sent to a branch is debited to the 

A.

goods sent to branch account

B.

branch debtors account

C.

branch adjustment account

D.

branch stock account

Correct answer is A

No explanation has been provided for this answer.

4,313.

The final stage of accounting process is

A.

Interpretation

B.

Recording

C.

Reporting

D.

Summarising

Correct answer is C

No explanation has been provided for this answer.

4,314.

Commercial activities undertaken by a social club to raise funds include

A.

Donation

B.

Bar

C.

Grant

D.

Subscription

Correct answer is B

No explanation has been provided for this answer.

4,315.

The petty cash account has an imprest of GH¢36,000 and a debit balance of GH¢10,000 at the end of the month.The reimbursement required would be

A.

GH¢46,000

B.

GH¢36,000

C.

GH¢26,000

D.

GH¢10,000

Correct answer is C

No explanation has been provided for this answer.