by Sunday | Aug 19 | Accounting WAEC
Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60% The net profit for the year ended 31st December 1990 is...
by Sunday | Aug 19 | Accounting WAEC
Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60% The net profit for the year ended 31st December 1990 is...
by Sunday | Aug 19 | Accounting WAEC
Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60% The net profit for the year ended 31st December 1990 is N28,000...
by Sunday | Aug 19 | Accounting WAEC
A. credit sales B. cash sales C. bills receivable D. dishonoured cheque E. cash received from customers Correct Answer: Option B – cash sales
by Sunday | Aug 19 | Accounting WAEC
A. provision for discount B. outstanding wages C. prepaid rent D. proposed dividend E. dividend received Correct Answer: Option E – dividend received
by Sunday | Aug 19 | Accounting WAEC
A. discount B. profit C. loss D. premium E. reserve Correct Answer: Option D – premium