WAEC Past Questions and Answers - Page 989

4,941.

Which of the following is not a debit entry in the Bought Ledger?

A.

Cash

B.

Discount received

C.

Purchases

D.

Returns outcards

E.

Bills payable

Correct answer is C

No explanation has been provided for this answer.

4,942.

A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called

A.

Share certificate

B.

Preference certificate

C.

Debenture certificate

D.

Allotment certificate

E.

Call certificate

Correct answer is C

No explanation has been provided for this answer.

4,943.

Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?

A.

Reserved expenditure warrant

B.

Provisional general warrant

C.

Contigency warrant

D.

Supplementary general warrant

E.

Virement warrant

Correct answer is C

No explanation has been provided for this answer.

4,944.

Which of the following is used before the appropriation bill is approved?

A.

Supplementary general warrant

B.

Provisional general warrant

C.

Reserved expenditure warrant

D.

Virement warrant

E.

Supplementary statutory expenditure warrant

Correct answer is D

No explanation has been provided for this answer.

4,945.

The portion of the authorizes capital which has been allotted to members is

A.

Uncalled capital

B.

Paid-up capital

C.

Issued capital

D.

Authorized capital

E.

unissued capital

Correct answer is E

No explanation has been provided for this answer.