by Sunday | Aug 19 | Accounting WAEC
A. trader’s account B. cash book C. purchases account D. sales account E. customers account Correct Answer: Option D – sales account
by Sunday | Aug 19 | Accounting WAEC
A. capital B. loan C. reserve D. drawings E. profit Correct Answer: Option A – capital
by Sunday | Aug 19 | Accounting WAEC
A. a total payment of N180 B. a gross receipt of N180 C. a left over of N180 in the bank D. an overdraft of N180 E. a left over of N180 cash Correct Answer: Option D – an overdraft of N180
by Sunday | Aug 19 | Accounting WAEC
A. a fixed sum set aside for the replacement of the asset B. a fixed percentage of the balance of the asset at the end of the year C. an estimated amount each year D. an inctease in the value of the asset E. a fixed percentage of the cost of the asset written off each...
by Sunday | Aug 19 | Accounting WAEC
A. debited to the provision account and credited to profit and loss account B. debited to the asset account and credited to profit and loss account C. debited to profit and loss account and credited provision account D. debited to the asset account and credited to the...
by Sunday | Aug 19 | Accounting WAEC
A. debt purchases ledger control accoun only B. debit both purchases account and purchases ledger control account C. credit purchases acount, debit purcases ledger control account D. credit both purchases ledger control account and the purchases accunt E. debit...