Accounts - Principles of account (WAEC 2010)

Submit Examination Cancel

This is for O'level students preparing for Accounts - Principles of account WAEC examination.
Instruction: Achieve at least 50% in less than 30 seconds per question.

Quiz Started: 0 Second ago · 23 April 2024 10:36 · Questions: 46 · Answered: 0 · Recommended Time: 0h:23m:0s

Warning!!!

You are about to end this examination session without submitting. All progress will be lost once you do this. You can close this dialogue or continue to close session.

Are you sure?

Attempts Made: 0/46

You are about to submit and end this examination session. If time-enforce is enabled in this quiz questions will automatically be submitted when your time is up, only if you do not close this page. However, if you are sure you have finished, you can click on the button below to submit. Close the dialogue if you still wish to review. If your attempt shows zero, quiz will not be submitted. Attempts are deleted if not submitted within 1 week.

14 Click Here To Discuss Question

Use the following information to answer given question
Opening stock of raw materialsPurchases of raw materialsCarriage on raw materialsClosing stock of raw materialsFactory supervisor's salaryWages of factory handsRoyalties paidInsurance of factoriesWork-in-progress(opening)Raw material returnedâ‚¦24,750129,64010,00045,00030,00050,00018,00062,00023,00012,200â‚¦Opening stock of raw materials24,750Purchases of raw materials129,640Carriage on raw materials10,000Closing stock of raw materials45,000Factory supervisor's salary30,000Wages of factory hands50,000Royalties paid18,000Insurance of factories62,000Work-in-progress(opening)23,000Raw material returned12,200
The prime cost is

Select 1 Option (1 Mks)

15 Click Here To Discuss Question

Use the following information to answer given question
[Math Processing Error]â‚¦Opening stock of raw materials24,750Purchases of raw materials129,640Carriage on raw materials10,000Closing stock of raw materials45,000Factory supervisor's salary30,000Wages of factory hands50,000Royalties paid18,000Insurance of factories62,000Work-in-progress(opening)23,000Raw material returned12,200
The prime cost is

Select 1 Option (1 Mks)

«Previous Next»

speaker_notes Accounts - Principles of account (WAEC 2010)

Accounts - Principles of account (WAEC 2010)