by Sunday | Aug 18 | Accounting WAEC
A. provision for bad debts is deducted from debtors total in the Balance sheet B. An increase in provision for bad debts appears on the debi side of the profit and loss account C. a decrease in the provison for bad debts appears on the credit side of profit and loss...
by Sunday | Aug 18 | Accounting WAEC
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during the year 10,000 15,000 Annual salaries 14,000 12,000 A. N66,500 B. N53,500 C. N51,500 D. N43,500 Correct Answer: Option C –...
by Sunday | Aug 18 | Accounting WAEC
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during the year 10,000 15,000 Annual salaries 14,000 12,000 A. N66,500 B. N53,300 C. N51,500 D. N43,500 E. N33,500 Correct Answer: Option D...
by Sunday | Aug 18 | Accounting WAEC
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during the year 10,000 15,000 Annual salaries 14,000 12,000 A. N17,000 B. N15,000 C. N10,750 D. N10,000 E. N9,500 Correct Answer: Option E...
by Sunday | Aug 18 | Accounting WAEC
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during the year 10,000 15,000 Annual salaries 14,000 12,000 A. N10,000 B. N6,000 C. N4,0000 D. N2,000 E. N1,000 Correct Answer: Option A...
by Sunday | Aug 18 | Accounting WAEC
A. debit debtor’s account, credit bad debts recovered account B. credit debtor’s account, debit bad debts recovered account C. debit debtor’s credit sales account D. credit debtor’s account, debit sales account E. credit cash account, debit...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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