by Sunday | Jan 7 | Accounting WAEC
Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December...
by Sunday | Jan 7 | Accounting WAEC
Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December...
by Sunday | Jan 7 | Accounting WAEC
A. bad debt B. returns inwards C. bills dishonored by debtors D. bills accepted by debtors Correct Answer: Option C – bills dishonored by debtors Explanation Items on the debit side of the sales ledger control account are: Sales credit, interest charges,...
by Sunday | Jan 7 | Accounting WAEC
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December 2019 GH⊄ GH⊄ Opening stock 10000 Sales 200000 Purchases 120000 Less: (4000) 130000 196000 Closing stock (22800) Cost of goods sold...
by Sunday | Jan 7 | Accounting WAEC
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December 2019 GH⊄ GH⊄ Opening stock 10000 Sales 200000 Purchases 120000 Less: (4000) 130000 196000 Closing stock (22800) Cost of goods sold...
by Sunday | Jan 7 | Accounting WAEC
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December 2019 GH⊄ GH⊄ Opening stock 10000 Sales 200000 Purchases 120000 Less: (4000) 130000 196000 Closing stock (22800) Cost of goods sold...
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