by Sunday | Aug 19 | Accounting WAEC
A. bill B. invoice C. till book D. payment voucher E. local purchase order Correct Answer: Option D – payment voucher
by Sunday | Aug 19 | Accounting WAEC
A. offered for sale B. called up C. approved in the memorandum of association D. subscribed E. paid up Correct Answer: Option C – approved in the memorandum of association
by Sunday | Aug 19 | Accounting WAEC
Acquash has sold goods on credit and received N2,200 in cash from debtors. At the end of the previous year N500 was owed by customers. The balance outstanding this year is N300. sales for the year amounted to A. N2,300 B. N2,200 C. N2,000 D. N1,800 E. N1,700 Correct...
by Sunday | Aug 19 | Accounting WAEC
A. discount allowed account B. interest received account C. cash sales account D. debtors account E. assets account Correct Answer: Option D – debtors account
by Sunday | Aug 19 | Accounting WAEC
A. trading account B. balance sheet C. profit and loss account D. profit and loss appropriation account E. current account Correct Answer: Option C – profit and loss account
by Sunday | Aug 19 | Accounting WAEC
A. debit Latifat’s account, credit cash book with N100 B. credit Latifat’s account, debit cash book with N100 C. credit Latifa’s account, debit cash book with N200 D. debit Latifat’s account, credit cash book with N200 E. credit Latifat’s...