by Sunday | Aug 20 | Accounting WAEC
A. total purchases B. total sales C. the total of the debtors D. the total of the creditors E. the total credit purchases Correct Answer: Option D – the total of the creditors
by Sunday | Aug 20 | Accounting WAEC
A. appropriation account B. current assets in the balance sheet C. current liabilities in the balance sheet D. tradng account E. profit and loss account Correct Answer: Option B – current assets in the balance sheet
by Sunday | Aug 20 | Accounting WAEC
A. capital account B. debit side of the trading account C. credit side of the prfit and loss account D. current liabilities in the balance sheet E. current assets in the balance sheet Correct Answer: Option A – capital...
by Sunday | Aug 20 | Accounting WAEC
A. gross sales B. gross profit C. net sales D. net profit E. manufacturing profit Correct Answer: Option D – net profit
by Sunday | Aug 19 | Accounting WAEC
motor car costing N10,000 was depreciated at 20 percent annum by the diminishing balance method. Two years late, it was sold for N6,000. The net result of the sale was A. N6,400 profit B. N6,000 loss C. N4,000 loss D. N400 profit E. N400 loss Correct Answer: Option E...
by Sunday | Aug 19 | Accounting WAEC
A. compensating error B. error of omission C. error of principle D. error of original entry E. error of transportation Correct Answer: Option D – error of original entry