by Sunday | Apr 7 | Accounting WAEC
Use the following information to answer this question GH¢ Monthly rent payable 3,000 Rent paid on 01/01/2018 48,000 A. GH¢84,000 B. GH¢48,000 C. GH¢36,000 D. GH¢12,000 Correct Answer: Option C =...
by Sunday | Apr 7 | Accounting WAEC
A. taught in all accounting classes B. implemented by all professional bodies C. followed in the preparation of financial statements D. applied in correction of business errors Correct Answer: Option C = followed in the preparation of financial...
by Sunday | Apr 7 | Accounting WAEC
A. too much B. not significant C. not certain D. well known Correct Answer: Option C – not certain
by Sunday | Apr 7 | Accounting WAEC
A. an asset B. an income C. an expense D. a liability Correct Answer: Option D = a liability
by Sunday | Apr 7 | Accounting WAEC
Use the following information to answer this question. Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis. A. ₦523,500 B. ₦510,000 C. ₦433,500 D. ₦420,000 Correct Answer: Option C =...
by Sunday | Apr 7 | Accounting WAEC
Use the following information to answer this question. Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis. A. ₦180,000 B. ₦166,500 C. ₦90,000 D. ₦76,500 Correct Answer: Option D =...