by Sunday | Aug 19 | Accounting WAEC
A. bank charges B. standing order C. dishonoured cheque D. cash payment E. unpresented cheques Correct Answer: Option D – cash payment
by Sunday | Aug 19 | Accounting WAEC
A. asses to the capita,l B. added to the accumulated fund C. deducted from the capital D. deduced from the accumulated fund E. deduced from the reserve Correct Answer: Option B – added to the accumulated fund
by Sunday | Aug 19 | Accounting WAEC
A. revenue expenditure B. appropriation C. deferred expenditure D. provision E. capital expenditure Correct Answer: Option A – revenue expenditure
by Sunday | Aug 19 | Accounting WAEC
A. current liability B. current asset C. fixed asset D. fictitious asset E. intangible asset Correct Answer: Option A – current liability
by Sunday | Aug 19 | Accounting WAEC
A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. The amount carried in the Balance Sheet is classified as A. current asset B. current liabilities C. investment D. fictitious asset E. reserve Correct Answer:...
by Sunday | Aug 19 | Accounting WAEC
A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How much is carried in the Balance Sheet at 31st December 1990? A. N1,350 B. N1,080 C. N338 D. N270 E. N90 Correct Answer: Option D –...