by Sunday | Apr 23 | Accounting WAEC
A. trading account B. debtors control account C. statement of affairs D. creditors control account Correct Answer: Option D – creditors control account
by Sunday | Apr 23 | Accounting WAEC
A. x= stock; y=current assets and z= long-term liabilities B. x = current assets; y = debtors and z= current liabilities. C. x=current assets; y= stock and z=current labilities D. x= debtors; y= stock and z=current assets. Correct Answer: Option C – x=current...
by Sunday | Apr 23 | Accounting WAEC
A. 3/5 B. 2/5 C. 1/3 D. 2/9 Correct Answer: Option B – 2/5
by Sunday | Apr 23 | Accounting WAEC
A. N200,000 B. N100,000 C. N20,000 D. N10,000 Correct Answer: Option A = N200,000 Explanation value of shares N2 x 1,000,000 shares = N2,000,000 10% = 10/100 x 2,000,000 = 200,000
by Sunday | Apr 23 | Accounting WAEC
Use the following information to answer the question below April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bought postage stamp N5,000 April 28: Cash sales N49,000 April 29: Cash purchases N11,000 April 30: Paid salaries of...
by Sunday | Apr 23 | Accounting WAEC
Use the following information to answer the question below April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bought postage stamp N5,000 April 28: Cash sales N49,000 April 29: Cash purchases N11,000 April 30: Paid salaries of...
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