by Sunday | Aug 19 | Accounting WAEC
A. transposition B. omission C. principle D. original entry E. compensation Correct Answer: Option A – transposition
by Sunday | Aug 19 | Accounting WAEC
A. bank charges and commission B. cheques issued, presented and cashed C. bank deposits D. cash payments made by the firm E. opening bank overdraft Correct Answer: Option A – bank charges and commission
by Sunday | Aug 19 | Accounting WAEC
i. compensating error ii. debiting an item instead of crediting it iii. making only a single entry A. i B. ii C. iii D. ii and iii E. i, ii ans iii Correct Answer: Option A – i
by Sunday | Aug 19 | Accounting WAEC
A. creditors account B. debitors account C. salaries account D. fixtures account E. stock account Correct Answer: Option C – salaries account
by Sunday | Aug 19 | Accounting WAEC
A. deducted from the balance of the cash account B. shown in the balance sheet as cash-in-hand C. reconciled with the bank balance D. returned to the sales manager E. shown in the balance sheet as liability Correct Answer: Option B – shown in the balance sheet...
by Sunday | Aug 19 | Accounting WAEC
i. cash book ii. discount received account iii. supplier’s account A. i and iii B. i, ii, and iii C. iii D. i and ii E. ii and iii Correct Answer: Option B – i, ii, and iii