by Sunday | Aug 19 | Accounting WAEC
A. fixed and floating assets B. fixed and current assets C. intangible and fixed assets D. current and circulating assets E. investment and tangible assets Correct Answer: Option B – fixed and current assets
by Sunday | Aug 19 | Accounting WAEC
A. all errors are localized thus reducing delays in balancing accounts B. all errors are generalized thus reducing delays in balancing accounts C. bookkeepers cannot make mistakes D. all errors are posted into the account E. all cash transactions are posted into the...
by Sunday | Aug 19 | Accounting WAEC
i. restricts the right to transfer its share. ii. has a minimum of seven members. iii. limits membership to fifty. iv. offers its shares for sale to the public A. i and ii B. ii and iv C. i and iv D. ii and iii E. i and iii Correct Answer: Option E – i and...
by Sunday | Aug 19 | Accounting WAEC
A. 2 and 8 B. 2 and 10 C. 2 and 50 D. 2 and any number E. 2 and 20 Correct Answer: Option C – 2 and 50
by Sunday | Aug 19 | Accounting WAEC
i. expenditure on telephone ii. motor vehicles iii. expenses on telegram iv. land and buildings A. i and iii B. iii and iv C. ii and iv D. i, ii and iii E. i, ii, iii and iv Correct Answer: Option C – ii and...
by Sunday | Aug 19 | Accounting WAEC
A. ledger B. principal journal C. cash book D. purchases day book E. sales day book Correct Answer: Option D – purchases day book