by Sunday | Aug 19 | Accounting WAEC
A. credit balance in the cash column of the cash book B. debit balance in the cash column of the cash book C. debit balance in the loan account D. credit balance in the bank column of the cash book E. debit balance in the bank column of the cash book Correct Answer:...
by Sunday | Aug 19 | Accounting WAEC
A. bank accoun B. sales account C. cash account D. purchases account E. assets account Correct Answer: Option E – assets account
by Sunday | Aug 19 | Accounting WAEC
A. purchase day book B. sales day book C. cash book D. returns inwards book E. returns outwards book Correct Answer: Option E – returns outwards book
by Sunday | Aug 19 | Accounting WAEC
A. for cash and credit B. for cash C. on credit D. to wholwsalers E. to retailers Correct Answer: Option C – on credit
by Sunday | Aug 19 | Accounting WAEC
A. every debtor must have a creditor B. every account debited must be immediately credited C. for every debit there must be a corresponding credit D. for every double debit, threre must be a double credit E. for every item there must be a doubkle entry Correct Answer:...
by Sunday | Aug 19 | Accounting WAEC
A. N60 credit, N100 credit B. N60 credit, N100 debit C. N60 debit, N100 debit D. N61 debit, N100 credit E. N160 credit, N60 credit Correct Answer: Option B – N60 credit, N100 debit