by Sunday | Aug 18 | Accounting WAEC
A. no interest at all B. interest at the rate of 2½% per annum C. interest at the rate 5% per anuum D. interest at all E. interest at the per annum Correct Answer: Option C – interest at the rate 5% per anuum
by Sunday | Aug 18 | Accounting WAEC
A. buying in large quantity B. prompt settlement of account C. being a regular customer D. introducing other customers E. sales returns Correct Answer: Option B – prompt settlement of account
by Sunday | Aug 18 | Accounting WAEC
A. undercast note B. consignment invoice C. purchases in voice D. debit note E. credit note Correct Answer: Option D – debit note
by Sunday | Aug 18 | Accounting WAEC
A. debit cash account N5,200, credit suspense account N5,200 B. credit cash account N5,200, debit suspense account N5,200 C. debit cash account N2,600, credit suspense account N2,600 D. credit cash account N2,600, debit suspense account N2,600 E. credit cash account...
by Sunday | Aug 18 | Accounting WAEC
A. credit cash account, debit bank account B. debit cash account, credit bank account C. debit officer account, credit bank account D. debit drawings account, credit bank account E. debit bank account, credit drawings account Correct Answer: Option B – debit...
by Sunday | Aug 18 | Accounting WAEC
A. debit side of profit and loss account B. credit side of profit and loss account C. credit side of trading account D. debit side of profit and loss Appropritation account E. debit side of Balance under current liabilities Correct Answer: Option A – debit side...