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. Le 43,650 B....
by Sunday | Apr 6 | Accounting WAEC
i. Purchases of raw materials ii. Purchases of finished goods iii. Carriage inwards iv. Carriage outwards A. I and II only B. I and IIl only C. I, ll and IIl only D. I, III and IV only Correct Answer: Option C = I, ll and IIl...
by Sunday | Apr 6 | Accounting WAEC
Use the following information to answer the questions below A manufacturing company’s cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock. A....
by Sunday | Apr 6 | Accounting WAEC
Use the following information to answer the questions below A manufacturing company’s cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock. A....
by Sunday | Apr 6 | Accounting WAEC
A. direct labour B. direct expenses C. direct materials D. factory overhead Correct Answer: Option B – direct expenses
by Sunday | Apr 6 | Accounting WAEC
A. insurance payable B. debenture interest. C. provision for doubtful debts D. rent and rates Correct Answer: Option C – provision for doubtful debts