Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Accounts - principles of accounts
  6. /
  7. 1996
  8. /
  9. Q5
Question 5

Payment is shown in the Balance Sheet as

  • A.Current asset
  • B.liability
  • C.capital
  • D.fixed asset
  • E.investment
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1996
Question no.
#5
Type
Objective
Previous · Q4Which of the following fixed assets is not depreciable? Next · Q6 Mr. B sod goods worth N200 on credit to Mr. C. Mr. B should debit this to

More from this paper

  • Q1Which of the following is the book of original entry for all payments and…
  • Q2Which of the following is not a cause for the difference between bank statement…
  • Q3A sales journal is used to record
  • Q7Mr. B sod goods worth N200 on credit to Mr. C. The credit sales should be…
  • Q8An equipment costing N60,000 was bought on 1st January 1991. Depreciation was…
  • Q9An equipment costing N60,000 was bought on 1st January 1991. Depreciation was…
See all Accounts - principles of accounts 1996 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy