WAEC Accounting Past Questions and Answers | WAEC Repeated Questions. This article will help you find the answers to the most repeated WAEC Questions on Accounting.  These are Likely questions for WAEC Accounting examination.

Every year thousands of students across west Africa writes the WAEC examination in anticipation of getting a good grade which they can use to further their studies in the university. Since success in the examination is paramount, it is therefore essential that candidates understand how the questions are set and how to go about answering them.

This article will help you know and understand the questions that are set and how to best tackle them. If you go through this article well, you will most definitely get the answers you need concerning the WAEC Accounting Past Questions and Answers, WAEC Repeated Questions for Accounting, Likely questions for WAEC Accounting examination.

WAEC Accounting Sample Questions and Answers

Capital receipt is collected

1. on sales of motor vehicle
2. on sales of stock in trade
3. from trade debtors
4. from trading activities

Which of the following is an example of factory overheads?

1. salary of marketing officer
2. salary of production officer
3. salary of accounting officer
4. wages of machine operator

Osa started business with Le 40,000 cash. The accounting entry is debit

1. cash account; credit capital account
2. capital account; credit cash account
3. purchases account; credit cash account
4. expenses account; credit capital account

Branch stock account is used to determine the

1. net value of goods sent to branch
2. gross profit of the branch
3. branch credit sales
4. branch net profit or loss

WAEC 2012

110

The name given to a budget in public service accounting is

1. vote
2. subvention
3. general order
4. estimate

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