by Sunday | Aug 18 | Accounting WAEC
A. N100 B. N125 C. N500 D. N600 E. N625 Correct Answer: Option E – N625
by Sunday | Aug 18 | Accounting WAEC
A. grss profit B. profit make-up C. profitt margin D. profit percentage E. profit ratio Correct Answer: Option B – profit make-up
by Sunday | Aug 18 | Accounting WAEC
A. where a transaction is completely omitted from the books B. where the correct amount is entered but in the wrong account C. where the figure entered on one side is different from the one entered on the other side D. where an item is entered in the wrong class of...
by Sunday | Aug 18 | Accounting WAEC
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Bad debt written off was N410. Discount allowed amounted to N320. What was the net profit for that year if a gross profit of N3650 was made? A....
by Sunday | Aug 18 | Accounting WAEC
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Bad debt written off was N410. Discount allowed amounted to N320. What was the debtors’ balance at the end of the year? A. N1,110 B....
by Sunday | Aug 18 | Accounting WAEC
A. credit cash account, debit bank account with N1,200 B. debit cash account, creidit bank account with N1,200 C. credit cash account, debit suspense account with N2,400 D. debit cash account, debit suspense account with N2,400 E. credit bank account, debit suspense...