by Sunday | Aug 19 | Accounting WAEC
A. arithmetical accuracy of postings only B. accurate narration of the journal entries C. accuracy of the debit entry D. accuracy of the credit entry E. accuracy of ledger entries Correct Answer: Option A – arithmetical accuracy of postings...
by Sunday | Aug 19 | Accounting WAEC
A. Journal entry B. double entry C. suspense account entry D. adjustment entry E. contra entry Correct Answer: Option E – contra entry
by Sunday | Aug 19 | Accounting WAEC
A. accrued wages B. creditor C. prepayment D. insurance due but unpaid E. rent arrears Correct Answer: Option C – prepayment
by Sunday | Aug 19 | Accounting WAEC
A. shared capital B. working capital C. subscribed capital D. reserve capital E. loan capital Correct Answer: Option B – working capital
by Sunday | Aug 19 | Accounting WAEC
A. purchases day book B. sales day book C. returns inwards book D. returns outwards book E. journal proper Correct Answer: Option E – journal proper
by Sunday | Aug 19 | Accounting WAEC
A. a charge to profit and loss account B. a charge to trading account C. an appropriation of divisible profit D. an appropriation of interest on capital E. an appropriation of interest on current account Correct Answer: Option C – an appropriation of divisible...