by Sunday | Apr 6 | Accounting WAEC
A. capital reserve B. goodwill. C. purchase price D. discount Correct Answer: Option A – capital reserve
by Sunday | Apr 6 | Accounting WAEC
Discount allowed N2,000; Bad debts 1,000 Cheque received from customers 24,000 Returns inwards 500; Sales ledger balance at the beginning 2.000 A. N29,500 B. N26,000 C. N25,500 D. 24,000 Correct Answer: Option C =...
by Sunday | Apr 6 | Accounting WAEC
A. current liability B. current asset C. long-term liability D. fixed asset Correct Answer: Option A = current liability
by Sunday | Apr 6 | Accounting WAEC
A computer set bought for150,000 was disposed of for N45,000 after some years of use. The profit on disposal was 7,500. Accumulated depreciation at the time of disposal was A. N112,500 B. N105,000 C. N97,50o D. N37,500 Correct Answer: Option A –...
by Sunday | Apr 6 | Accounting WAEC
A. creditors B. employees C. investors D. customers Correct Answer: Option B – employees
by Sunday | Apr 6 | Accounting WAEC
A. current assets and current liabilities only B. difference between current assets and liabilities C. assets and the sources of financing them D. owner’s interest in the business only Correct Answer: Option C – assets and the sources of financing...
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