by Sunday | Aug 19 | Accounting WAEC
A. a debit suspense account N800,credit Jeje’s account N800 B. debit bank to correct N400, credit Jeje’s account N400 C. debit suspense account N400, credit Jeje’s account N400 D. debit Jeje’s account N800, credit suspense account N800 E. debit...
by Sunday | Aug 19 | Accounting WAEC
A. drawing accounts B. premises account C. machinery account D. depreciation account E. V. Okafor’s account Correct Answer: Option E – V. Okafor’s account
by Sunday | Aug 19 | Accounting WAEC
A. purchases account B. capital account C. machinery account D. depreciation account E. rent and rentals Correct Answer: Option D – depreciation account
by Sunday | Aug 19 | Accounting WAEC
A. bank charges and commission B. cheques issued, presented and cashed C. bank lodgements D. payments made by the bank on a standing order E. opening bank overdraft Correct Answer: Option C – bank lodgements
by Sunday | Aug 19 | Accounting WAEC
A. a debit balance only B. a credit balance only C. both debit and credit balances D. a debit or nil balance E. a nill balance only Correct Answer: Option A – a debit balance only
by Sunday | Aug 19 | Accounting WAEC
A. cash sales to customers only B. credit sales to customers only C. credit sales less cash sales D. cash sales less cash discounts E. both credit and cash sales Correct Answer: Option E – both credit and cash sales