by Sunday | Aug 19 | Accounting WAEC
A. materials consumed B. direct labour C. direct overhead D. administration overhead E. work-in-progress Correct Answer: Option D – administration overhead
by Sunday | Aug 19 | Accounting WAEC
A. goods purchased B. goods sold C. excess stock D. goods for production E. goods returned to stock Correct Answer: Option B – goods sold
by Sunday | Aug 19 | Accounting WAEC
A. liability of the business to its proprietor B. money owed by the company to others C. money owed to the company by others D. total of the long-term liabilities E. total of the short-term liabilities Correct Answer: Option A – liability of the business to its...
by Sunday | Aug 19 | Accounting WAEC
A. goods available would be understated and gross profit overstated B. goods available and gross profit would be understates C. goods available would be overstated and gross profit understated D. gross profit and goods available would be overstated E. cost of goods...
by Sunday | Aug 19 | Accounting WAEC
i. added to the cash book balance ii. added to the bank statement balance iii. deducted from the cash book balance A. i B. ii C. iii D. i and ii E. ii and iii Correct Answer: Option A – i
by Sunday | Aug 19 | Accounting WAEC
A. voucher B. warrant C. estimate D. provision E. vote Correct Answer: Option B – warrant