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. 2000
  8. /
  9. Q8
Question 8

When goods are purchased on account, the accounting entries are

  • A.debit purchases account, credit supplier's account
  • B.credit purchases account, debit supplier's account
  • C.credit bank account, debit purchases account
  • D.debit bank account, debit purchases account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2000
Question no.
#8
Type
Objective
Previous · Q7The ratio which measures the solvency of a firm is the Next · Q9 Closing stock was overstated. The effect is that

More from this paper

  • Q4Williams and Jacob are in partnership but there is no partnership agreement. The…
  • Q5In a bonus issue of one new share for every four held, a holder of 100,000…
  • Q6A partner who has full power of participating in the conduct of a partnership…
  • Q10XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1…
  • Q11XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1…
  • Q12The entries necessary for recording profit loading on goods sent to branch are
See all Accounts - principles of accounts 2000 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