by Sunday | Apr 6 | Accounting WAEC
A. credited to suspense account B. debited to suspense account C. credited to Profit and Loss Account D. debited to Profit and Loss Account Correct Answer: Option B – debited to suspense account
by Sunday | Apr 6 | Accounting WAEC
A. periodicity concept B. consistency concept C. going concern concept D. historical cost concept Correct Answer: Option B – consistency concept
by Sunday | Apr 6 | Accounting WAEC
A. Computer Repairs Account B. Computer Insurance Account C. Office Computer Account D. Depreciation of Computer Account Correct Answer: Option C = Office Computer Account
by Sunday | Apr 6 | Accounting WAEC
A. an active partner B. a limited partner C. a nominal partner D. a sleeping partner Correct Answer: Option D – a sleeping partner
by Sunday | Apr 6 | Accounting WAEC
A. sales journal B. cash book C. purchases journal D. journal proper Correct Answer: Option C – purchases journal
by Sunday | Apr 6 | Accounting WAEC
Kwamenah bought goods worth Le 50,000 from Doe and Sons Limited on the following terms: 3% trade discount: 10% cash discount. Kwamenah returned defective goods worth Le 8,000 the next day and made payment for the remaining goods on the due date A. sales journal...
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