by Sunday | Apr 6 | Accounting WAEC
A. profit and loss account B. profit and loss appropriation account. C. capital account D. drawings account Correct Answer: Option C = capital account
by Sunday | Apr 6 | Accounting WAEC
A. Sales Returns Account; credit Suppliers’ Account B. Purchases Returns Account; credit Supplier’s Account C. Supplier’s Account; credit Purchases Returns Account D. Supplier’s Account; credit Purchases Account Correct Answer: Option C =...
by Sunday | Apr 6 | Accounting WAEC
A. net book value of asset B. cost of asset C. market value of asset D. accumulated depreciation on asset Correct Answer: Option A – net book value of asset
by Sunday | Apr 6 | Accounting WAEC
Use the following information below to answer this question. Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 was made for the year. A. D21,000 B....
by Sunday | Apr 6 | Accounting WAEC
Use the following information below to answer this question. Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 was made for the year. A. D47,000 B....
by Sunday | Apr 6 | Accounting WAEC
A. net profit on goods sold B. gross profit on manufacturing C. closing stock of work-in-progress D. prime cost of manufacturing Correct Answer: Option B – gross profit on manufacturing